Question

Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors interact with each other and suppliers and customers?

Answer 1

It can be mentioned that the food selling industry is is enjoying perfect competition or near perfect competition and in this regard there are many amount of competitors and the customers indeed interact with the competitors byusing the method of aggressive selling because the want to gain as much as possible because the price is almost same and the competitors in the industry get to have a cold eye among other because one can hamper the business of other but they make sure that no one produces the price so that all the market can be captured all in all