Pure competition characterizes a market that consists of many buyers and sellers, where no buyer or seller can control price or the market.

Name: Pure competition characterizes a market that consists of many buyers and sellers, where no buyer or seller can control price or the market.
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Pure competition characterizes a market that consists of many buyers and sellers, where no buyer or seller can control price or the market. These markets often sell commodity-type products.

Pure Competition Characterizes a Market That Consists of Many Buyers