Agribusinesses that sell commodity products such as wheat, rice, and corn are often in __________ position with their competitors.
A)a limited competition
B)a pure competition
C)an oligopolistic competition
D)a monopolistic competition
E)a monopolistic

Question

Quizplus · Accepted Answer

Agribusinesses that sell commodity products such as wheat, rice, and corn are in a pure competition position with their competitors. This means that there are numerous small businesses competing in the market with identical or similar products, and no single business has control over the price or supply of the product.

Agribusinesses That Sell Commodity Products Such as Wheat, Rice, and Corn