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Vamplife is a company that produces blood for vampire consumption. In this market, assume that there are many firms, entry and exit is relatively easy, and firms sell a homogeneous product. Vamplife is a firm in which market structure

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Answer:

Perfect compitition

Step-by-step explanation:

From the question, we are informed about Vamplife company which produces blood for vampire consumption. In this market, assume that there are many firms, entry and exit is relatively easy, and firms sell a homogeneous product. In this case, Vamplife is a firm in Perfect compitition market structure. Perfect compitition market structure can be regarded as a theoretical market structure whereby all available firms in the market are selling identical product i.e they sell homogeneous product. In this market all the available firms are regarded as price taker which means the market price of their products cannot be influenced.

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