Which of the following markets comes close to satisfying the assumptions of a perfectly competitive market structure?

CA Foundation · Business Economics · MTP · June 2024
Which of the following markets comes close to satisfying the assumptions of a perfectly competitive market structure?
(A) A. The stock market
(B) B. The market for agricultural commodities such as wheat or corn
(C) C. The market for petroleum and natural gas
(D) D. All of the above come close to satisfying the assumptions of perfect competition.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. All of the above come close to satisfying the assumptions of perfect competition.

Topics: Price Determination in Different Markets

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