Ag Business

2. a market structure dominated by only a few producers with limited competition.
4. a market structure in which a single entity controls all of a specific product.
8. when adding inputs decreases the overall profitability.
11. producing many types of commodities.
13. the rivalry between businesses or producers who sell similar products.
14. costs that change with production

1. the application of business principles to manage the profitability of agricultural goods.
3. when sellers sell products together and split the profits.
5. when a business finds a product that is different from everyone elses.
6. a group of consumers who are likely to purchase a specific product.
7. the available financial and material resources of a business.
9. costs that do not change with production
10. economic principles involved with the monetary value of goods and services.
12. the point where supply and demand intersect and set a stable price.