Answered

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



Answer :

GinnyAnswer

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.


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