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There Are More Than 50 Blueberry Farmers in Shammonton, New

Question 87

Multiple Choice

There are more than 50 blueberry farmers in Shammonton, New Jersey, that grow, package, and distribute the same quality blueberries. 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) pure competition
B) monopolistic competition
C) oligopolistic competition
D) a pure monopoly
E) a black market

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