The district of Dansas in Nerito, a European country, is a major producer of walnuts. All producers in the district sell packaged walnuts. The market structure is flexible enough for producers to enter and leave the market as and when they wish, but no single producer has control over the prices of the product. Which of the following market structures exists in Dansas?
A) Pure competition
B) Monopoly
C) Monopolistic competition
D) Oligopoly

Question

Quizplus · Accepted Answer

The market structure described is pure competition, where many producers sell identical products, and no single producer can influence the market price.

The District of Dansas in Nerito, a European Country, Is