Select the word from the list that best fits the definition a market structure in which a large number of firms produce the same product

Perfect competition is a market structure in which a large number of firms produce the same product.

Explanation:

Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.

perfect competition

Explanation:

Perfect competition in a market means that none of the agents can influence the price of the good or service, that is, both sellers and buyers are price-acceptors.

It is a market in which there are a large number of producers of a very homogeneous product or service, where the demand curve is perfectly elastic and the market price (or equilibrium) arises from the interaction between suppliers and applicants.

When we talk about perfect competition we mean an almost ideal and unlikely economic situation in reality, in the real world there is no such simple and ideal economy. However, this model is very useful in the economic study of markets that, in some cases, may come to resemble.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.