Although there are several alternative treatments available across the globe, herbal products produced in Brazil are sold at a premium. The ancient Brazilian recipes for wellness are considered the main reason for the premium price. This is an example of a(n)__________ arbitrage.

Question

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The fact that the premium price is due to the cultural significance of the ancient Brazilian recipes for wellness indicates that this is a cultural arbitrage. In other words, the value placed on these herbal products is tied to the cultural traditions and beliefs associated with them.

Although There Are Several Alternative Treatments Available Across the Globe