A small farmer is more likely to operate in a perfectly competitive market than a

company like SABMiller because:

Select one:

a.

a small business is more likely to keep close control on costs than a large

firm.

b.

SABMiller employs many people, whereas perfectly competitive firms are owner-managed.

c.

the demand for beer is less elastic than the demand for food.

d.

a small farmer supplies a small share of market supply.

e.

farming is riskier than beer production.