GM Foods Are Controversial for Many Reasons

question 19

Multiple Choice

GM foods are controversial for many reasons.Which of the following does not represent a controversy between advocates and critics of GM foods?

• A)GM foods increase yields on farm land.
• B)GM foods cause disease in consumers.
• C)GM foods have an unknown impact on consumers.
• D)GM foods have an unknown impact on the environment.

---

Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity controls the market price.

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced changes by one unit. It's pivotal in decision-making processes regarding increasing or decreasing production.

Marginal Revenue

The extra financial gain from selling an additional unit of a product or service.

Profit

The profit earned when the revenue generated from a business operation surpasses all its associated expenses, costs, and taxes required for the operation.