Multiple Choice
The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops do not need a pricing strategy and do just a little advertising when a crop comes in. The wheat is sold in ________ type of competitive market.
A) an oligopoly
B) a pure monopoly
C) a pure competition
D) a monopolistic competition
E) a monopolistic oligopoly
Correct Answer:
Verified
Correct Answer:
Verified
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