What is an example of pure competition?

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What is an example of pure competition?

companies

2007-10-03 10:28:38 · 2 answers · asked by wook 1 in Business & Finance ➔ Other - Business & Finance

2 answers

Pure Competition
- low barriers to entry, many choices, no business has dominance
- many people competiting and nobody has a significant advantage
Examples -
small bars and restaurants
variety stores, convenience stores
nail salons, barbers
small grocery stores
doughnut shops
professional services (dentist, doctor, architects)
Agricultural products such as potatoes and wheat

2007-10-04 01:57:53 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

toothpaste

2007-10-03 17:56:30 · answer #2 · answered by Mightie Mouse 3 · 0⤊ 0⤋