4. Which of the following is an example of a market that meets all four conditions?

A. jeans
B. books
C. wheat
D. bagels



Answer :

Final answer:

Wheat exemplifies a market meeting the conditions for perfect competition.


Explanation:

Wheat is an example of a market that meets all four conditions for perfect competition. In perfectly competitive markets, there are many buyers and sellers, products are homogenous, there are no barriers to entry or exit, and perfect information exists.


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