The United States has many sellers offering blue jeans. This is an example of

The situation described reflects pure competition, which is characterized by a market structure where there are many sellers offering similar or identical products. In this context, the numerous sellers of blue jeans indicate that consumers have a variety of options when it comes to purchasing this product, leading to a competitive environment. Each seller has little control over the market price due to the availability of alternatives for consumers.

Pure competition is defined by several factors, such as a large number of firms, a homogeneous product (in this case, the blue jeans), and free entry and exit from the market. These conditions ensure that no single seller can dominate the market, making it challenging for any one business to influence the price significantly.

In contrast, an oligopoly would involve a market dominated by a few large firms, leading to limited competition and higher potential for price manipulation. A monopoly would mean that a single seller controls the entire market, eliminating competition altogether. Restricted imports relates to government regulations limiting the amount of goods that can be brought into a country, which is not applicable to the scenario of many sellers within a domestic market offering blue jeans.

Thus, the presence of numerous sellers in the blue jeans market exemplifies the characteristics of pure competition, where supply and demand dictate market prices rather than individual