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In the United States,milk Is Produced on Thousands of Farms,with

Question 148

Multiple Choice

In the United States,milk is produced on thousands of farms,with no producer dominating the market.Producers sell milk at the going price and are unable to influence this price.Millions of gallons of milk are purchased every day.The market for milk is best described as ________.


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

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