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Maple syrup-makers strike gold Sugaring season in Vermont is going full blast. Vermont, the biggest U.S. syrup producer, produces about 500,000 gallons a year. In
Maple syrup-makers strike gold Sugaring season in Vermont is going full blast. Vermont, the biggest U.S. syrup producer, produces about 500,000 gallons a year. In 2007, maple syrup cost an average of $35 a gallon; this year, the price is $45 a gallon. Canada is usually a huge producer, but with a poor season it has seen a 30 percent drop in production. As consumers turn away from artificially flavored maple syrup to natural maple syrup, demand for natural maple syrup has rocketed. Source: USA Today, March 30, 2009 Why is the maple syrup market is an example of perfect competition? Question content area bottom Part 1 The maple syrup market is an example of perfect competition in part because _______. A. all maple syrup producers look the same to the buyer B. there are many barriers to entry into the maple syrup market C. established maple syrup producers have an advantage over new producers D. each producer sells a unique type of maple syrup E. a small number of interdependent maple syrup producers compete
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