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Agriculture Is Generally Considered a Perfect Competition Industry with Largely

Question 27

Multiple Choice

Agriculture is generally considered a perfect competition industry with largely commodity products.However,there is an aspect of the industry that can be classified as monopolistic competition with differentiated products and price premiums.Which part of the industry is it?


A) Genetically modified wheat
B) Corn for biodiesel
C) Organic milk
D) Fresh water salmon

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