Which of the following is an example of a perfectly competitive market?

Question

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The market for soybeans is a primary example of a perfectly competitive market because there are many small farmers producing identical products and there is a large number of buyers in the market. There are no barriers to entry or exit, and no individual seller can influence the market price by changing their output level. The other options, laundry detergent, designer jeans, and paper towels, have brand differentiation and dominate by a small number of large firms, which means these markets are not perfectly competitive.

Which of the Following Is an Example of a Perfectly