Bananas in the European Union Often Retail for Twice More

question 9

Multiple Choice

Bananas in the European Union often retail for twice more than they do in the U.S.What is the most likely explanation for this fact?

• A)A complicated system of tariffs and quotas that the EU has imposed to control the imports of bananas.
• B)More significant freight costs to ship bananas from Central America.
• C)Larger markup by European retailers.
• D)None of the above.