Question

There are more than 50 blueberry farmers in Shammonton, New Jersey, that grow, package, and distribute the same quality blueberries. An individual farmer cannot charge more than the going market price per unit without the risk of losing business to the other farmers. This is an example of ________.

Answer 1

Answer: Pure competition

Explanation:

According to the given question, the pure competition is one of the type of marketing structure that helps in selling the various types of standard products and the services in the market.

It is also known as the perfect competition and they does not influence the actual price of the product in the market.

The pure competition involve high production of the similar or the standardized products in the market and it providing various types of benefits and the knowledge to all he participants.

Therefore, Pure competition is the correct answer.