This market is best described as a perfectly competitive market. In this type of market, firms sell a homogeneous product, face no barriers to entry, and have no control over the market price.
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
oligopoly
oligopoly
monopolistically competitive market
monopolistically competitive market
perfectly competitive market
perfectly competitive market
monopoly
1 answer
1 answer