What type of market model is wheat farm?

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asked Sep 8, 2021 66.4k views

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Systemmanic · Answer 1 · 2021-09-09T19:28:31+0000

Answer:

Competitive

Step-by-step explanation:

The market for wheat is often taken as an example of a competitive market, because there are many producers, and no individual producer can affect the market price by increasing or decreasing his output. For this reason, each farmer takes the market price as predetermined.

Lucas Walter · Answer 2 · 2021-09-13T01:56:47+0000

Answer:

competitive

Step-by-step explanation:

The market for wheat is often taken as an example of a competitive market because there are many producers, and no individual producer can affect the market price by increasing or decreasing its output. For this reason, each farmer takes the market price as predetermined.

What type of market model is wheat farm?

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