Author Question: The wheat growing industry consists of very many farmers producing identical products. The market ... (Read 58 times)

bobthebuilder · **on:** Jun 29, 2018

The wheat growing industry consists of very many farmers producing identical products. The market structure that best fits the wheat growing industry is probably

A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.

Question 2

The United States Postal Service (USPS) is the only organization allowed to deliver first-class mail in the United States. The market structure that best fits the USPS is probably

A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.