The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops don't have to create a pricing strategy. The wheat is sold in a(n) __________ type of competitive market.

The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops don't have to create a pricing strategy. The wheat is sold in a(n) __________ type of competitive market.

The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops don't have to create a pricing strategy. The wheat is sold in a(n) __________ type of competitive market.



a.

oligopoly

b.

pure monopoly

c.

pure competition

d.

monopolistic competition

e.

monopolistic oligopoly



Answer: pure competition


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