Using Figure 13-4 Above,how Much Price Competition Is Likely for Bushels

Multiple Choice

Using Figure 13-4 above,how much price competition is likely for bushels of wheat?

A) There is a range of prices at which to sell.
B) The market sets the price so there is no price competition.
C) There is a price leader in the farming industry that sets the price.
D) Since there is only one seller,that firm sets the price.
E) Price is regulated by the government.