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The market for corn in Mexico has a large number of sellers and buyers, and there is no difference in the products sold by each seller. As a result, prices are determined by the Multiple Choice consumers that buy the corn. businesses that sell the corn. forces of supply and demand. agricultural industry.

Respuesta :

anthougo

Answer:

In this market, prices are determined by the

forces of supply and demand.

Explanation:

This Mexican corn market situation describes a perfectly competitive market structure.  In a perfectly competitive market, firms face the following conditions: (1) there are many suppliers and many consumers; (2) with identical products; (3) all have relevant decision-making information; and (4) there are free entry and exit of firms.  This makes it impossible for one seller or consumer to set prices of the corn.