Which of the Following Characteristics of a Farmers' Market Make

question 149

Multiple Choice

Which of the following characteristics of a farmers' market make it a good example of a perfectly competitive market?

• A) Selling product at a farmers' market was very profitable for farmers in the early 2000s. As result, many farmers sold their farms to larger firms.
• B) Farmers who sell product at a farmers' market are similar to other entrepreneurs who introduce products that earn short-run profits but invite competition that drives down prices and profits in the long run.
• C) Farmers who sell product at a farmers' market are similar to other business owners who take advantage of the willingness of some consumers to pay high prices for new and different products.
• D) Farmers selling product at a farmers' market provide a product that is a necessity, rather than a luxury.

---

Definitions:

Maladaptive

Behaviors or traits that are counterproductive to an individual's wellbeing or survival in their specific environment.

Biological Differentiation

The process through which cells become specialized in structure and function during the development of an organism.

Cultural Meanings

The significance or interpretations that are ascribed to objects, events, or practices within a particular culture or social group.

Sex

denotes the biological differences between male and female organisms, particularly concerning reproductive functions.