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Which of the following markets closely resembles a perfectly competitive market?
  • a)
    Stock market
  • b)
    Markets for agricultural products
  • c)
    Markets for petroleum and natural gas
  • d)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following markets closely resembles a perfectly competiti...
Markets for agricultural products like rice, wheat etc resemble perfectly competitive markets because there are a large number of producers, free entry and exit and products are identical.
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Most Upvoted Answer
Which of the following markets closely resembles a perfectly competiti...
Markets for agricultural products
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Which of the following markets closely resembles a perfectly competitive market?a)Stock marketb)Markets for agricultural productsc)Markets for petroleum and natural gasd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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