The wheat growing industry consists of very many farmers producing identical products. The market structure that best fits the wheat growing industry is probably
A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.

Question

Quizplus · Accepted Answer

In a perfect competition market structure, there are many sellers offering identical products, which fits the description of the wheat growing industry.

The Wheat Growing Industry Consists of Very Many Farmers Producing