Question

Which of the following is the best example of a perfectly competitive market?
Option 1 diamonds
Option 2 athletic shoes
Option 3 soft drinks
Option 4 farming

Answer 1

Answer:

option 4 agriculture means ( farming)

it is best marketing source

Answer 2

Farming is the best example of a perfectly competitive market.

In a perfectly competitive market, the market instruments suggest the connection among providers and purchasers, in this way deciding the cost of labor and products. All the more explicitly, in a cutthroat market, there is an incredible number of providers and purchasers, the items accessible to buyers are homogenous, and there are low hindrances to passage.  Accordingly, makers and buyers are value takers, for example, a solitary activity of a maker or a customer can't impact the cost of a service or any goods.