Which of the following markets provide the best example of a perfect competition?

Question

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Wheat farming is the best example of perfect competition as it is a homogeneous product, many small producers exist, barriers to entry or exit are minimal, and information is readily available. In a perfectly competitive market, no single entity is able to influence the price of the good, and all firms have the ability to enter or exit the market easily. The other options, such as automobile manufacturing, restaurants, and oil refining, do not meet all the criteria of perfect competition.

Which of the Following Markets Provide the Best Example of a Perfect