Which product is most likely to be characterized by pure competition in the United States?
A)spices
B)cereal
C)soft drinks
D)computer operating systems
E)fast-food restaurants

Question

Quizplus · Accepted Answer

Spices are a homogeneous product with many sellers, and consumers have no preference for one seller over another. As a result, the market for spices in the United States is most likely characterized by pure competition.

Which Product Is Most Likely to Be Characterized by Pure