In<u> Pure competition, </u>many firms provide similar products that are considered substitutes for each other. Hence, Option A is correct.
<h3>What is the pure competition?</h3>
A marketing scenario where many companies sell the same product and cannot differentiate themselves from one another; as a result, no firm has a substantial impact on price.
The ease with which new businesses can enter the market and great market knowledge is further existing factors.
Hence, In<u> Pure competition, </u>many firms provide similar products that are considered substitutes for each other. Option A is correct.
The missing part of the question is given below:
A. pure competition
B. oligopolistic competition
C. monopolistic competition
D. a monopoly
E. a duopoly
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