Columbia’s coffee producers operate as if they are in a perfectly competitive industry. Which statement is most likely to be true?
In Columbia,
A. there are hundreds of thousands of individually owned coffee farms, all producing the same type of coffee.
B. there are numerous coffee farms, each producing a unique variety of coffee bean that is distinct from the product of their competitors.
C. there are a few large coffee farms that dominate the market.
D. there is one state owned entity that produces all coffee in the country.