Brainliest what type of competitive situation is this?
mr. jones has approximately 300 dairy cattle that he milks twice a day. every morning at 9 a.m., the wholesaler stops on his route with his tanker truck and picks up mr. jones' milk. the milk is then taken to the processing plant, where it is combined with hundreds of other dairy farmers' milk from around the area. most of the milk is processed and put into bottles or cartons and shipped to local stores. some of the milk is used to produce other dairy products.
a. pure competition
b. monopolistic competition
c. oligopoly competition
d. monopoly
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Ответ:
A. Pure competition
Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.
Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.
Ответ:
The basis for trade is comparative advantage, not absolut advantage. Individuals, firms, and countries are better off if they specialize in producing goods and services for which they have a comparative advantage and obtain the other goods and services they need by trading.