Back to Agriculture Secretary Rollins shifts $24 billion in subsidies to corporate farms
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What economic term describes when a few companies control most of a market?
Provide a brief explanation in your own words.
Explanation
An oligopoly exists when a few companies control most of a market, allowing them to manipulate prices and limit competition. Agricultural oligopolies control seed production (4 companies control 60%),...
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Agricultural subsidies are the largest category of federal spending.
Easytrue falseLarge corporate farms are more efficient than small family farms.
Easytrue falseWhat is the primary purpose of agricultural subsidies?
Easymultiple choice
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