chancehaight4932 chancehaight4932
  • 10-01-2024
  • Business
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Competition among corn producers forces them to use the best technology and right mix of productive resources; otherwise their costs will be too high relative to the market price and they will be unprofitable. This is best described as ___?
1) Perfect competition
2) Monopoly
3) Oligopoly
4) Monopolistic competition

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