Pure Competition – Locate Some Real-World Examples Pure competition is rare in practice. However Yahoo http://www.yahoo.com/Business/Companies includes a collection of firms in various industries. Find three industries which have the characteristics of pure competition: very large number of firms standardized products price taker and free entry and exit. Hint: Start by looking at the number of firms in each industry link. In explosives there are fewer that 10 companies while Internet Services lists more than 30 000 firms.

Agriculturlal Commodities – Examples of Purlely Competitive Markets In a purely competitive market individual firms produce homogeneous products and exert no significant control over product price. The U.S. Department of Agriculture Market News reports http://www.ams.usda.gov/marketnews.htm provides up-to-the-minute information on commodity prices demand movement volume and quality. Select on commodity (e.g. grains: U.S. 1 Hard Red Winter Wheat) and compare its price in several states. Then compare prices to a similar product (e.g. U.S. Soft Red Wheat). Are there differences? Which of the six commodity categories best exemplifies a purely competitive market?