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Tidy Tidy
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8 years ago
Which of the following arguments could be made as evidence that the market for produce sold at a farmers' market is perfectly competitive?
A) The U.S. Department of Agriculture has established standards for the labeling of organic produce sold at farmers' markets.
B) Sales of organically grown food have increased at a rate of 20 percent per year.
C) As more farmers began selling their products at farmers' markets, the increase in supply has driven down prices to the point where they just cover the cost of production.
D) The profits earned by farmers who sell their products at farmers' markets have continued to grow, despite the increasing number of farmers entering this market.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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8 years ago
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kels750

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8 years ago
You're welcome Happy Dummy
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