The correct answer is: B. Oligopoly
An oligopoly is a market structure in which a small number of large firms have a large share of the market. This means that each firm has a significant amount of market power and can influence the price of its products.
Agricultural goods markets are often oligopolistic because there are a small number of large firms that produce most of the world’s agricultural products. These firms include Cargill, Archer Daniels Midland, and Bunge. These firms have a lot of market power because they control a large share of the market and they can influence the price of their products.
Perfect competition is a market structure in which there are a large number of small firms that produce identical products. This means that each firm has a very small share of the market and has no market power.
Monopoly is a market structure in which there is only one firm that produces a good or service. This means that the firm has a 100% share of the market and has a lot of market power.
Monopolistic competition is a market structure in which there are a large number of firms that produce similar but not identical products. This means that each firm has a small share of the market but has some market power.
In conclusion, the agricultural goods market depicts characteristics close to an oligopoly because there are a small number of large firms that have a large share of the market.