Fresno County, California is the largest agricultural producing county in the country and almonds are an important crop with more than 99,000 acres harvested. Each acre produces about a ton of almonds and sold at a price of $4300 a ton. The Sagardia Brothers grew 600 acres of almonds that year. In what type of market does the Sagardia Brother operate?

Question

Quizplus · Accepted Answer

The almond market is characterized by many producers and consumers, homogeneous products, and ease of entry and exit, which are features of perfect competition.

Fresno County, California Is the Largest Agricultural Producing County in the Country