Which of the following is an example of a good produced under perfect competition?
A) Cars
B) Corn
C) Bottled water
D) Patented software

Name: Which of the following is an example of a good produced under perfect competition? A) Cars B) Corn C) Bottled water D) Patented software
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Corn is an example of a good produced under perfect competition because there are many producers of corn, no single producer can control the market price, and there is little to no product differentiation among corn producers.

Which of the Following Is an Example of a Good