Many Agricultural Products,such as Wheat,are Produced by Thousands of Different

question 131

Multiple Choice

Many agricultural products,such as wheat,are produced by thousands of different producers that grow essentially the same product.The market structure model that would best characterize such a market is:

• A)perfect competition.
• B)monopoly.
• C)monopolistic competition.
• D)oligopoly.
• E)perfect oligopoly.

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Definitions:

Spiral

Having a circular fashion.

Fracture

The breaking of a bone, cartilage, or the like, often resulting from a sudden injury or stress.

Long Bone

A type of bone that is longer than it is wide, primarily found in the arms and legs.

Cravat

A triangular bandage, folded lengthwise; it may be used as a circular, figure-eight, or spiral bandage to control bleeding or to tie splints in place.