What type of market structure is firms have a relatively small market share And firms produce and sell identical products?

This market structure is known as perfect competition. In perfect competition, there are many firms, each with a relatively small market share, and they produce and sell identical or homogeneous products. Because the products are indistinguishable, no single firm can influence the market price, leading to a situation where prices are determined by supply and demand. Additionally, there are no significant barriers to entry or exit in this market structure.