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A Midwestern Wheat Farmer Faces a Horizontal Demand Curve Because

Question 176

Multiple Choice

A Midwestern wheat farmer faces a horizontal demand curve because


A) it is so large relative to the market as a whole that it has no impact on market price
B) it is so small relative to the market as a whole that it has no impact on market price
C) it produces a good for which there are no substitutes
D) it produces a good for which there are no complements
E) it produces a good that no other firm in the industry produces

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