Soru
What is the BEST example of a perfectly competitive market? A. Housing B. Video game consoles C. Corn D. Diamonds E. Automobiles
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The best example of a perfectly competitive market among the options provided is C. Corn. In a perfectly competitive market, there are many buyers and sellers, the products are homogeneous, there is free entry and exit, and the market is in equilibrium. Corn fits these characteristics well, as there are many farmers producing a standardized product, and buyers have complete information about the product and its price.