Business, 21.04.2020 00:58 janayshas84

Several corn farmers in Iowa meet with their friends each week for breakfast. They talk about their families and about the weather. But soon they engage in more serious discussions about the future demand for corn, the latest prices being offered for their crop, and the cost of their seeds, fertilizer, and machinery.
Which characteristic of a purely competitive market BEST fits the scene described above?
A. Many sellers participate in the market.
B. Sellers offer identical products.
C. Buyers and sellers are well informed about products.
D. Sellers are able to enter and exit the market easily.

Answers: 1

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Several corn farmers in Iowa meet with their friends each week for breakfast. They talk about their...

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