Which option identifies the concept represented in the following scenario?

Cargill, Archer-Daniels Midland, and Zen Noh control more than 80 percent of United States corn exports.

A. Oligopoly
B. Adaptability
C. Consolidation
D. Sustainability

Question

07-08-2024
Business

Answered

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Which option identifies the concept represented in the following scenario?

Cargill, Archer-Daniels Midland, and Zen Noh control more than 80 percent of United States corn exports.

A. Oligopoly
B. Adaptability
C. Consolidation
D. Sustainability

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-07T08:22:58-04:00

Final answer:

Consolidation in oligopoly market structure.

Explanation:

Consolidation is the concept represented in the scenario where Cargill, Archer-Daniels Midland, and Zen Noh control more than 80 percent of United States corn exports. This consolidation of power in the hands of a few major corporations characterizes an oligopoly, where a small number of firms dominate the market.

Learn more about Oligopoly market structure here:

https://brainly.com/question/28201605

Sagot :

Final answer:

Explanation:

Learn more about Oligopoly market structure here:

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