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What type of market structure is a potato company

User Joe Pineda
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Final answer:

The market structure of a potato company is typically perfect competition due to many sellers and a homogeneous product, but it can also be an oligopoly or monopoly depending on the degree of market control.

Step-by-step explanation:

The type of market structure a potato company operates in can vary depending on the level of competition and other market dynamics. Generally, the agricultural market, which includes potato companies, tends to operate in a perfect competition market structure, characterized by many sellers, a homogeneous product, and very little control over the price. However, if fewer companies control the majority of the market share, it could also be an oligopoly.

In some cases, if a single company has significant control over the potato market, it could be considered a monopoly. It is important to note that real-world markets might not fit perfectly into these categories and can display characteristics of different market structures.

User Ermintar
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