21-06-2017
Social Studies

contestada

Which product is an example of perfect competition?

A. food grains where products are homogeneous
B. computers, where there are many competitors with slightly differentiated products
C. aerated cold drinks, where there are two competitors
D. bicycles, where buyers and sellers have some control over the price
E. gold where there is only one seller

Respuesta :

niesgbhu niesgbhu

21-06-2017

You choice would be a

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palebadgworthy palebadgworthy

24-06-2019

The correct answer is A.

Perfect competitive markets are characterized by a large number of producers and each offer the same homogeneous product, this is why they are all price-takers, because they cannot influence the market price at which the product is commercialized. Markets of agricultural products are considered the best example of perfectly competitive markets in the real world.

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