7

The market structure of pure competition is distinctive because -

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The market structure of pure competition is distinctive because it is the simplest to run.

Explanation:

A pure market structure is composed of many firms that produce almost the same products. The market assumes that it is in a state of equilibrium where all firms sale similar commodities with equal prices. But the reality is each firm has its preference in terms of production and the firms should not be influenced by the market price.

The one decision that market competition can make is about the price in the market and the product cost not that of individual firms.