Which of the following is the closest example of a perfectly competitive market?

A) fast foods
B) beer
C) gasoline stations
D) soybeans

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, homogenous products, and free entry and exit, leading to price determination purely by demand and supply.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean, which has numerous uses including oil, animal feed, and as a food item.