The Marketplace Sets the Price for Wheat,so Farmers Who Are

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 a(n) ________ type of competitive market.

A) oligopoly
B) pure monopoly
C) pure competition
D) monopolistic competition
E) monopolistic oligopoly