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Answer to Question #205867 in Microeconomics for tshepo

Question #205867

A small farmer is more likely to operate in a perfectly competitive market than a company like AB inBev because...


1
Expert's answer
2021-06-14T09:45:53-0400

A small farmer doesn’t have any market power that’s why he or she will supply a small share of the market supply which is a characteristic of a competitive market and it easier to operate in such market.


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