Which of the Following Arguments Could Be Made as Evidence

question 168

Multiple Choice

Which of the following arguments could be made as evidence that the market for cage-free eggs is perfectly competitive?

• A)The U.S. Department of Agriculture has established standards for the labeling of cage-free eggs.
• B)Sales of cage-free eggs have increased at a rate of 20 percent per year.
• C)As more farmers began selling cage-free eggs, the increase in supply has driven down prices to the point where they just cover the cost of production.
• D)The profits earned by farmers who sell cage-free eggs have continued to grow, despite the increasing number of farmers entering this market.