Which of the following will likely occur when price floors in agriculture are implemented?

"Because firms in an oligopoly are so large, they do not need to consider each other's actions." Is the previous statement correct or incorrect? Explain your answer

What will be an ideal response?

In a world of perfect certainty, sharecropping would be less efficient than a farm owner working his own farm because

(a) sharecroppers receive only half of their marginal product. (b) paying a worker a wage gives him or her an incentive to shirk. (c) sharecroppers are exploited by landlords. (d) renting farmland concentrates risk on the renters. (e) all of the above.