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Agribusinesses that sell commodity products such as wheat, rice, and corn are often in ________ position with their competitors.

(A) an oligopolistic competition
(B) a monopolistic competition
(C) a monopolistic
(D) a pure competition
(E) a limited competition

Respuesta :

Answer:

The correct answer is letter "D": a pure competition.

Explanation:

A Pure or Perfect Competition is a theoretical framework of a market where competition is at its highest possible level. Many markets, such as stock exchanges and commodity markets, approach perfect competition, but it is unlikely that a real-life state of perfect competition will be attainable.

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