Which of the following goods would most likely be sold in a perfectly competitive market?

Alright let's go ahead and try this practice problem here. Which of the following goods would most likely be sold in a perfectly competitive market? A) luxury cars b) wheat c) laptop computers or d) pizza. Well the answer here is going to be wheat. B. Agricultural products are one of the best examples of perfectly competitive products. Remember a perfectly competitive market, all the goods are exactly the same and there's lots of buyers and lots of sellers, so there's no influence that they can exude on the price. So let's look at luxury cars, right? Luxury cars, you would imagine that there is some influence that they could have on price, right? There's not lots and lots of sellers and the products aren't exactly the same, right? They're a little different across the board. Just like laptops, right? Apple's versus PC, there's going to be differences there in preferences from the customers and pizza as well. Even though pizza would be a pretty close to a perfectly competitive market, there's still some differentiation between the products. You could think like fast food, right? Pizza, Papa John's pizza and Domino's pizza, it's a little different, but wheat right, you can't really distinguish wheat from 1 farmer from wheat from another farmer. That's why wheat is the best answer here. Cool, let's move on.