Final answer:
A Farmers Market is where farmers sell their produce directly to consumers, which may include organic products. These markets are an example of perfectly competitive agricultural markets, although the pricing does not always reflect the lower transportation costs.
Step-by-step explanation:
The market at which farmers and produce vendors sell directly to consumers, offering items such as fruits, vegetables, meats, dairy, cheese, bakery products, bread, and cereals, is known as a Farmers Market. These markets are often considered part of perfectly competitive agricultural markets, where products like organic vegetables and fruits can be found. While these products are grown and sold within specific geographical regions, which should theoretically reduce costs due to lower transportation expenses, they do not always cost less than conventional produce.