By 2020

question 21

Multiple Choice

By 2020

• A) the U.S. Hispanic population will be over 75 million.
• B) the number of Americans aged 65 and older will be 55 million.
• C) U.S. annual median per capita income will be $60K.
• D) the U.S. population under 30 years old will account for 20 percent of the population.

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Definitions:

Monopolist

An individual or company that possesses exclusive control over the supply or trade of a commodity or service.

Unregulated Monopolist

A monopoly that operates without government regulation, potentially leading to unfair pricing and poor service.

Market Efficiency

A condition where all available information is already reflected in asset prices, and it's impossible to achieve consistently higher returns.

Competitive Price-Taker

A market participant that accepts prevailing market prices without having the influence to alter them, typically due to the presence of numerous sellers and buyers.