Agribusinesses that sell commodity products like wheat,rice,and grain are often in a __________ position with their competitors.

Question

Quizplus · Accepted Answer

Agribusinesses that sell commodity products like wheat, rice, and grains are often in a situation of pure competition. In pure competition, there are many buyers and sellers, the products are homogeneous, and there is no control over the price. Therefore, agribusinesses cannot easily differentiate their products, face many competitors, and have no control over the pricing of their products.

Agribusinesses That Sell Commodity Products Like Wheat,rice,and Grain Are Often