In Many Rural Areas, Electric Generation and Distribution Utilities Were

question 33

Multiple Choice

In many rural areas, electric generation and distribution utilities were initially set up as cooperatives in which the electricity customers were member-owners. Like most cooperatives, the objective of these firms was to:

• A) maximize profits for the member-owners.
• B) maximize total revenue that could be redistributed to the member-owners.
• C) operate at zero profit in order to provide low electricity prices for the member-owners.
• D) minimize the costs of production.

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Definitions:

Phosphorus Sink

An ecosystem or part of an ecosystem that absorbs more phosphorus than it releases, often leading to phosphorus accumulation.

Mineable Phosphate Rocks

Rock formations that contain substantial amounts of phosphate minerals, which are mined for use as fertilizers and other chemical products.

Marine Sediments

Deposits of organic and inorganic particles that accumulate on the ocean floor.

Denitrification

The conversion of nitrate (NO3) to nitrogen gas (N2) by certain bacteria (denitrifying bacteria) in the soil; part of the nitrogen cycle.