Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
The right answer is D, with a Kansas wheat farmer's business being just a perfectly competitive firm.
What are firms with perfect competition?
A perfectly competitive business would accept a price which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to ask even a small amount above the going rate.
What is the ideal response to a contest?
When every business or company there in market is selling the same goods and prices remain unaffected by the company's market share, this is referred to as perfect competition. Some of the characteristics of perfect competition include the following: the market's plenty of buyers and sellers.
To know more about perfectly competitive firm visit:
https://brainly.com/question/27419666
#SPJ4
We appreciate your time. Please come back anytime for the latest information and answers to your questions. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.