Table 14-2
The price of each butterfly that David Butterfly, a butterfly farmer in Greytown, sells is:

-Refer to Table 14-2.The price and quantity relationship shows that the market structure most likely facing a butterfly farmer is a:

Question

Table 14-2
The price of each butterfly that David Butterfly, a butterfly farmer in Greytown, sells is:

-Refer to Table 14-2.The price and quantity relationship shows that the market structure most likely facing a butterfly farmer is a:

Quizplus · Accepted Answer

The price and quantity relationship in Table 14-2 indicates that there are many buyers and sellers in the market, and the prices are determined by the forces of supply and demand. This is indicative of a competitive market structure, where no individual seller or buyer has significant market power to affect prices.

Table 14-2 The Price of Each Butterfly That David Butterfly, a Butterfly