Which of the following industries most closely approximates the perfectly competitive model?

CA Foundation · Business Economics · MTP · September 2026
Which of the following industries most closely approximates the perfectly competitive model?
(A) A. automobile
(B) B. cigarette
(C) C. newspaper
(D) D. wheat farming

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. wheat farming

Topics: Price Determination in Different Markets

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