The market for corn in Mexico has a large number of sellers and buyers, and there is no difference in the products sold by each seller. As a result, prices are determined by the Multiple Choice consumers that buy the corn. businesses that sell the corn. forces of supply and demand. agricultural industry.

In this market, prices are determined by the

forces of supply and demand.

Explanation:

This Mexican corn market situation describes a perfectly competitive market structure.  In a perfectly competitive market, firms face the following conditions: (1) there are many suppliers and many consumers; (2) with identical products; (3) all have relevant decision-making information; and (4) there are free entry and exit of firms.  This makes it impossible for one seller or consumer to set prices of the corn.

this business is a price setter.

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