Why would a unique product not be possible in a purely competitive market?

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.

industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations.

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