A Market Situation in Which There Is a Sufficiently Large

A market situation in which there is a sufficiently large number of well-informed buyers and sellers of a homogeneous product such that no individual participant has enough power to determine the price of the product,resulting in a marketplace that is efficient in production and allocation of products is known as

A) absolute advantage.
B) comparative advantage.
C) competitive advantage.
D) perfect competition.
E) monopoly.