The best example of a perfectly competitive market would be the market for:
A) grain.
B) shoes.
C) computers.
D) cameras.

Question

Quizplus · Accepted Answer

The market for grain is a classic example of perfect competition. There are a large number of farmers producing grain, standardized products, easy entry and exit to the market, and perfect information about the market conditions. In such a market, no single producer or consumer can influence the market price of the product.

The Best Example of a Perfectly Competitive Market Would Be