Which of the following is not a characteristic of the broiler chicken
Which of the following is not a characteristic of the broiler chicken industry?
A) A significant degree of industry concentration, with the four largest firms producing 40 percent of the industry’s output.
B) A significant degree of real and subjective product differentiation.
C) An inability of individual firms to have any influence market price.
D) A significant amount of advertising.
ANSWER
C
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