The market for strawberries is best described as a perfectly competitive market. In this type of market, individual firms have no control over the market price, there are no barriers to entry, and the products sold are homogeneous.
In the market for strawberries, individual firms face no barriers to entry, sell a homogeneous product, and have no control over the market price. This market is best described as a _____.(1 point)
Responses
monopoly
monopoly
oligopoly
oligopoly
perfectly competitive market
perfectly competitive market
monopolistically competitive market
1 answer