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

Question

Quizplus · Accepted Answer

The market for copper is a good example of a perfectly competitive market because there are many small producers and consumers, there are no barriers to entry or exit, and the product is homogeneous, meaning one producer's copper is indistinguishable from another's. Breakfast cereal, coffee drinks, and cake mix markets all have some degree of product differentiation and branding, leading to less perfect competition.

Which of the Following Is an Example of a Perfectly