Which of the following products would most likely be sold through pure competition?
A)vacation cruises
B)wheat
C)musical instruments
D)electricity

Question

Quizplus · Accepted Answer

Wheat is a standardized commodity that is sold in large quantities without any differentiation between sellers. This makes it the most likely product to be sold through pure competition. Vacation cruises, musical instruments, and electricity all have varying degrees of product differentiation and seller control over pricing, making them less likely to be sold through pure competition.

Which of the Following Products Would Most Likely Be Sold