Which of the Following Real-World Situations Is the Result of Excess

question 127

Multiple Choice

Which of the following real-world situations is the result of excess capacity in a monopolistically competitive market?

• A)A factory producing women's clothing produces more than it can sell during a season.
• B)Gas stations with infrequently used pumps are located at all four corners of an intersection.
• C)A retail auto tire store orders too much inventory.
• D)Monopolistically competitive firms do not exist in the real world.

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Definitions:

Desire To Use Violence

An inclination or urge to engage in physical force to achieve a goal or express emotions.

Profitability Of Stolen Cars

The economic gain or benefit derived from stealing and selling or using stolen cars.

Abundant Opportunities

A situation in which there are numerous possibilities available to pursue, often related to employment, investment, or personal growth.

Burglary

The unlawful entry into a building or other location with the intent to commit theft or any felony.