Suppose a farmer knows that he will be able to harvest and sell 3,000 bushels of wheat. would he prefer a market in which conditions are favorable and most farmers harvest large crops or a market in which conditions are unfavorable, and many farmers harvest small crops? why?

Respuesta :

He prefer a market in which the conditions are unfavorable, and many farmers harvests the small crops.

By selecting this, he will accept the adverse market condition in which the development of the Project and the sale of condominium units, in the developer's good faith opinion, are economically unfavorable to the developer.

And based on his own circumstances, the farmer believes he can grow and sell 3000 bushels of wheat. However, because of the farmer's poor circumstances, it is evident that there would be a little competition and a shortage of suppliers will allow the farmer to hike the prices.

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