Explanation:
It is not possible to have a unique product in a purely competitive market, because A Purely Competitive Market is a market which has a broad range of competitors who produce the same product. This type of market structure is also called as the Perfect Competition.
The example of Perfect Competition of Purely Competitive Market can be of pens, or pencils, or plastic bags, or balloons, etc, which are produced by many companies and are almost the same, with no uniqueness or unique feature that make them different from the other products. Different products cannot be placed in the Purely competitive Market category.
It is not possible to have a unique product in a purely competitive market, because of lot of competition in the terms of product, price and quality.
A competitive market refers to as the market in which more than two companies were compete with each other due to same product and service given in the market.
The example of Purely Competitive Market can be include pens, or pencils, or plastic bags, or balloons, etc, which are produced by many companies and are almost the same.
Learn more about competitive market, refer to the link:
https://brainly.com/question/7024827
