Which Term Refers to the Movement of People from One

question 105

Multiple Choice

Which term refers to the movement of people from one geographic area to another for the purpose of changing residency?

• A) relocation
• B) migration
• C) gentrification
• D) emigration

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Definitions:

Pure Monopoly

A pure monopoly occurs when a single company or entity is the sole provider of a particular product or service in a market, with no close substitutes.

Oligopolistic Competition

A market structure characterized by a small number of firms dominating the market, leading to limited competition and high barriers to entry for new competitors.

Competitive Market

A market structure characterized by a large number of sellers and buyers, leading to competitive prices and quality of goods and services.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, complete information, and free entry and exit, leading to price taking behavior.