Agriculture is an example of
A) perfect competition.
B) oligopoly.
C) monopoly.
D) monopolistic competition.

Name: Agriculture is an example of A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.
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Question

Quizplus · Accepted Answer

Agriculture is often cited as an example of perfect competition due to the large number of producers (farmers) and consumers, the homogeneity of products (basic crops and livestock), and the relatively free entry and exit from the market.

Agriculture Is an Example of