Which of the following will reduce the competitive nature of the agricultural industry?
A)There are restrictions on price volatility in the agricultural market.
B)The output of the agricultural industry is more or less homogeneous.
C)The number of farms across the country is relatively large.
D)There are no import and export restrictions on agricultural products.

Question

Quizplus · Accepted Answer

Restrictions on price volatility would reduce the level of competition among agricultural producers as they would not have to constantly adjust their prices based on market fluctuations which would create a more stable market.

Which of the Following Will Reduce the Competitive Nature of the Agricultural