Which of the following statements about U.S. agriculture is true as it relates to the past several decades?

Question

Quizplus · Accepted Answer

The correct answer is C because over the past several decades, technological advancements and consolidation in farming have led to an increase in the minimum efficient scale of production. This means that larger operations can produce goods more efficiently than smaller ones, contributing to a decline in the prices of farm products due to increased efficiency and productivity. Additionally, the number of farms has declined as smaller farms are unable to compete with larger, more efficient operations, leading to consolidation in the industry.

Which of the Following Statements About U