An industry comprising a very large number of sellers producing a standardized product is known as

A) monopolistic competition.
B) oligopoly.
C) pure monopoly.
D) pure competition.

Standardized Product

Goods that are uniform in quality and specifications across producers and locations, making them interchangeable.

Large Number

A value that is significantly higher than the average in its context or comparison set.

Pure Competition

A market structure characterized by an extremely large number of sellers and buyers, homogeneous products, and the ease of entering and exiting the market.