Which of the following is closest to a perfectly competitive market?

Question

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The market for broccoli is closest to a perfectly competitive market because it has a large number of buyers and sellers, standardized product, easy entry and exit, and perfect information among buyers and sellers. The other markets listed have characteristics that deviate from perfect competition, such as brand differentiation, high barriers to entry, and patent protection.

Which of the Following Is Closest to a Perfectly Competitive