Which of the Following Is Consistent with Farming as a Competitive

question 125

Multiple Choice

Which of the following is consistent with farming as a competitive market?

• A)A large percentage of costs are for advertising.
• B)Negative economic profit in the long run.
• C)Positive economic profit in the long run.
• D)Zero economic profit in the long run.

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Definitions:

Framers

The individuals who were instrumental in drafting and shaping the United States Constitution during the Constitutional Convention of 1787.

Constitution

The fundamental law of a nation, establishing the governing framework, principles, and legal authority.

Abuses

Actions that improperly use power or violate the rights and welfare of others, often characterized by exploitation or harm.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.