The production of agricultural products such as wheat or corn would best be described by which market model?

Question

Quizplus · Accepted Answer

The production of agricultural products such as wheat or corn involves a large number of small producers who have no control over the market price. This is characteristic of pure competition where there are many buyers and sellers of homogeneous products, and no single producer can influence the market price.

The Production of Agricultural Products Such as Wheat or Corn