Your spice company's pricing is set according to the laws of supply and demand.Therefore,when selling your spices you depend on the market to establish the price at which you will sell your spices.Which type of market are you operating in?
A) Pure competition
B) Oligopoly
C) Monopoly
D) Monopolistic competition
E) Duopoly

Question

Quizplus · Accepted Answer

In a pure competition market, many sellers offer identical products, and prices are determined by supply and demand, with no single seller having control over the market price.

Your Spice Company's Pricing Is Set According to the Laws