Which competitive structure is most applicable to food products and commodities?
A) Pure competition
B) Monopolistic competition
C) Monopoly
D) Oligopoly

Question

Quizplus · Accepted Answer

Pure competition is most applicable to food products and commodities because there are many sellers in the market offering similar products, making it difficult for any single seller to influence price or market conditions.

Which Competitive Structure Is Most Applicable to Food Products and Commodities