Buying fruits and vegetables at a farmers' exchange represents which type of market structure? Select one:...

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Buying fruits and vegetables at a farmers exchange represents which type of market structure? Select one: a. Monopolistic co

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Answer 1

Answer #1

Answer - (c) Pure competition

EXPLANATION - The market situation in a farmer's exchange is such that there are numerous sellers and numerous buyers, who are responsible for controlling price levels. The only logical market structure in this case is a pure or perfect competition.

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