In perfect competition a market structure is described by numerous well-informed, independent sellers and buyers who trade equal products (Farnham, 2014). The City Farmer’s Market is a great example of perfect competition. Most Farmer’s Markets vend and price their products the same. Most farmer’s markets, like the City Market, advertise their business solely on the internet, but there are many signs downtown in Indianapolis advertising about it. The farmer’s markets have a great number of buyers and sellers vending the same products. The independence to buy and sell guarantees that vendors contend for the money of the customer. Vendors and customers are well informed about the City Market’s produce and prices and they are free to run,
