Step 5: Which One of the Following Is Not a Potential

question 5

Multiple Choice

Step 5: Which one of the following is not a potential Barrier for texting and driving?

• A) Not feeling at risk
• B) Thinking it can't wait;
• C) Worried I'll get caught
• D) Wanting to fit in
• E) Enjoy the distraction

---

Definitions:

Dominant Price Leader

A firm that has the largest market share within an industry and whose pricing decisions are often followed by its competitors.

Competitive

This term refers to a market situation where multiple firms are competing against each other to offer products or services to consumers.

Reaction Function

A mathematical representation showing how one economic agent's optimal decision depends on the expectations or actions of other agents.

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.