The closest example of a perfectly competitive market is
A) fast foods.
B) beer.
C) gasoline stations.
D) soybeans.

Question

Quizplus · Accepted Answer

Soybeans are a highly standardized agricultural commodity with many producers and buyers, making it a good example of a perfectly competitive market. Fast foods, beer, and gasoline stations have branding and differentiation, creating some level of market power for individual companies.

The Closest Example of a Perfectly Competitive Market Is