A market that has many sellers, has standardized products and is easy to enter and exit is an example of "Pure (Perfect) Competition" type of market structure.
Pure or perfect competition is a hypothetical market structure in which the accompanying criteria are met: all organizations move an indistinguishable item (the item is a "commodity" or "homogeneous"); all organizations are value takers (they can't impact the market cost of their item); piece of the overall industry has no effect on value; purchasers have finish or "immaculate" data – previously, present and future – about the item being sold and the costs charged by each firm; assets such a work are superbly versatile; and firms can enter or leave the market without expense.
