The Marketplace Sets the Price for Wheat,so Farmers Who Are

question 244

Multiple Choice

The marketplace sets the price for wheat,so farmers who are trying to sell their wheat crops don't have to create a pricing strategy.The wheat is sold in a(n) __________ type of competitive market.

• A)oligopoly
• B)pure monopoly
• C)pure competition
• D)monopolistic competition
• E)monopolistic oligopoly

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Definitions:

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