We consider ________ least likely to be a firm in an imperfectly competitive industry.
A) a Starbucks in Houston, Texas
B) Con Edison utility company
C) a corn farmer in Ohio
D) the only locally owned and operated television station in Portland, Oregon

Question

Quizplus · Accepted Answer

A corn farmer in Ohio is least likely to be in an imperfectly competitive industry because agriculture, especially products like corn, tends to be in a perfectly competitive market due to the large number of producers and the homogeneous nature of the product.

We Consider ________ Least Likely to Be a Firm in an Imperfectly