There Are More Than 200 Wild Blueberry Producers in Nova

question 93

Multiple Choice

There are more than 200 wild blueberry producers in Nova Scotia. An individual farmer cannot charge more than the going market price per unit without the risk of losing business to the other farmers. This is an example of _.

• A) a pure monopoly
• B) a black market
• C) pure competition
• D) oligopolistic competition
• E) monopolistic competition

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Definitions:

Diffusion of Responsibility

A psychological phenomenon where individuals in a group are less likely to take action or feel a sense of responsibility due to the presence of others.

Cognitive Dissonance

A state of psychological discomfort experienced when holding contradictory beliefs, attitudes, or thoughts.

Ambiguity

The quality of being open to more than one interpretation; inexactness or uncertainty in meaning.

Aid

Assistance provided for the purpose of relief and support, often in the context of financial, material, or medical help.