The market that generally involves pure competition is the market for corn. Explanation:
- Pure competition is characterized by many sellers offering identical or very similar products, with free entry and exit in the market, and price-taking behavior.
- The corn market fits this description because it typically involves many producers supplying a standardized agricultural commodity.
- In contrast, the cola market is an oligopoly dominated by a few large companies like Coca-Cola and Pepsi.
- The jeans market exhibits monopolistic competition due to product differentiation and branding.
- The ice cream market, while competitive, often involves many small producers but is not the classic example of pure competition as corn is.
