Which of the following is considered to be the BEST example of pure competition in today's business environment?

Question

Quizplus · Accepted Answer

Agriculture is considered to be the best example of pure competition in today's business environment as there are numerous small and large firms, no barriers to entry or exit, and the product is largely homogeneous, meaning there is no differentiation between the products offered by various sellers. This leads to perfect price competition, where the price is determined only by the forces of supply and demand.

Which of the Following Is Considered to Be the BEST