Which of the following is the best example of a perfectly competitive market?
A) farming
B) diamonds
C) athletic shoes
D) soft drinks
E) electricity distribution

Question

Quizplus · Accepted Answer

Farming is the best example of a perfectly competitive market because there are a large number of small producers, all selling an identical product (such as corn or wheat), with no market power to set prices.

Which of the Following Is the Best Example of a Perfectly