Which of the Following Statements Is True

question 135

Multiple Choice

Which of the following statements is true?

• A) Problems and failures can cause low self-esteem.
• B) Low self-esteem can cause problems and failures.
• C) Both A and B.
• D) None of these choices.

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Definitions:

Barriers to Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Gas Station

A commercial outlet that offers gasoline and motor oil for automobiles.

Economic Profit

Profits earned by a firm after accounting for both explicit costs and opportunity costs.

Cartel

A group of independent companies that collaborate to control prices and production in order to monopolize a market.