Agribusinesses that sell commodity products like wheat,rice,and grain are often in a __________ position with their competitors.

Question

Quizplus · Accepted Answer

Agribusinesses that sell commodity products like wheat, rice, and grain are usually in a purely competitive position with their competitors because the products they sell are identical to those of their competitors, making it difficult to differentiate themselves. As a result, they must compete solely on price, making it a pure competition.

Agribusinesses That Sell Commodity Products Like Wheat,rice,and Grain Are Often