In the United States,milk is produced on thousands of farms,with no producer dominating the market.Producers sell milk at the going price and are unable to influence this price.Millions of gallons of milk are purchased every day.What type of competition is the market for milk?

Question

Quizplus · Accepted Answer

C)In perfect competition, there are many sellers who are not individually powerful enough to influence price.

In the United States,milk Is Produced on Thousands of Farms,with