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Perfect Competition and Efficiency
Cost efficiency plays an important role in the survival of firms in perfectly competitive industries. Because each firm represents just one of many firms in the market, the actions of one firm do not affect any other firm.
The United States Department of Agriculture divides the nation into regions for agricultural economic analysis. The number of farm workers varies significantly by region.
The legalization of marijuana in certain states has dramatically increased the number of growers in a highly competitive market, despite risk of federal prosecution.
The average price per bushel of soybeans, wheat, and corn increased significantly from 2006 to 2012 and then decreased in recent years.