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For Most Agricultural Products, Farmers Produce Homogeneous Products, Sell Them

Question 122

Multiple Choice

For most agricultural products, farmers produce homogeneous products, sell them to a common market, and generally cannot affect prices greatly.This is an example of which kind of market structure?


A) perfect competition
B) monopolistic competition
C) imperfect competition
D) a pure monopoly
E) an oligopoly

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