Fresno County, California is the largest agricultural producing county in the country and almonds are an important crop with more than 99,000 acres harvested. Each acre produces about a ton of almonds and sold at a price of $4300 a ton. The Sagardia Brothers grew 600 acres of almonds that year. In what type of market does the Sagardia Brother operate?

Question

Quizplus · Accepted Answer

The almond market in Fresno County is likely to be a perfect competition because there are many producers (like the Sagardia Brothers) growing a standardized product (almonds), and no single producer can influence the market price.

Fresno County, California Is the Largest Agricultural Producing County in the Country