Perfect competition

Write a post that describes a real world example of a perfectly competitive market.

• Be specific about the good or service you are describing.
• What makes this market perfectly competitive (use your textbook definition)?
• Describe the firms who operate in this market. That is who are the competitors?
• Are there any companies in this industry that can charge a price slightly above the competition?
• Explain why you would be willing to purchase the good from whoever sells it for the cheapest, without any brand loyalty.