What Was a Long-Term Consequence of the Catastrophic Bubonic Plague

question 2

Multiple Choice

What was a long-term consequence of the catastrophic bubonic plague in Europe?

• A) Most survivors faced starvation conditions.
• B) The plague eliminated hope for social mobility.
• C) The plague stimulated exploration for new marketplaces.
• D) The plague diminished religious enthusiasm.

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Definitions:

Monopolistic Competition

A market configuration where numerous companies offer products that are alike but not the same, resulting in competitiveness centered on aspects other than price.

Pure Competition

A market structure characterized by an extremely large number of sellers, none of which can influence market price or terms for exchange.

Industry

A group of companies and organizations involved in the production, processing, and distribution of goods and services in a particular sector of the economy.

Marginal Costs

The amplification of total charges incurred from producing an incremental unit of a product or service.