Q315
Agricultural goods market depicts characteristics close to
A.
Perfect competition
AnswerB.
Oligopoly
C.
Monopoly
D.
Monopolistic competition
Answer: Option A
Solution
Answer: Option A
Solution:
Agricultural goods market depicts characteristics close to Perfect competition. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. Each company makes a similar product. Buyers and sellers have access to perfect information about price.