If a Company Is the Sole U

question 126

Multiple Choice

If a company is the sole U.S.producer of good X,the market may still be contestable because of all but which one of the following?

• A)Foreign producers can provide good X to the U.S.market.
• B)Many domestic firms can potentially begin production of good X.
• C)New technology may threaten to make good X obsolete.
• D)The presence of a government franchise.

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Definitions:

Social Development

The progression by which individuals acquire the values, behaviors, and skills necessary to function effectively in society.

Peer Groups

A social group whose members have interests, social positions, and age in common.

Middle Childhood

This phase encompasses the period of development from approximately 6 to 12 years of age, where children experience significant growth in cognitive, social, and physical abilities.

Feel Comfortable

A state of physical or emotional ease, often marked by a lack of stress, pain, or social awkwardness.