The market for which item generally involves pure competition?

A. Cola

B. Corn

C. Jeans

D. Ice cream

Answer:

B. Corn

Explanation:

Pure competition occurs in markets where many sellers offer identical or nearly identical products, and there is free entry and exit from the market. Corn is a typical example of a commodity in a market with pure competition, as it is standardized, and no single producer has significant control over the price.

In pure competition, all producers sell the same product, which makes corn the correct answer.