Use the Circle Graph to Answer the Question

question 46

Multiple Choice

Use the circle graph to answer the question.
-Average Daily Numbers of Livestock (in thousands) - Category A Farms, 2002
What percent of livestock was chickens? Round to the nearest tenth of a percent.

• A) 462.1% chickens
• B) 49.7% chickens
• C) 37.0% chickens
• D) 46.2% chickens

---

Definitions:

Competitive Price-searcher Market

A market where firms have some control over the prices they charge because their products are differentiated, leading them to actively search for competitive pricing strategies.

Product Quality

The measure of the inherent or assigned characteristics of a product that determine its value to the consumer, including durability, reliability, and performance.

Product Diversity

The range and variety of products and services offered by firms within a market or industry.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar across suppliers, ensuring no single entity can control prices.