You Have Captured a Number of Rats from a Wild

question 29

Multiple Choice

You have captured a number of rats from a wild population and quickly surmise with tests that they are very good at avoiding food with poisons. What would best explain this observation?

• A) Rats may learn this behaviour from their parents or siblings.
• B) Rats may experience a large variety of toxins in their environment and learn to avoid them.
• C) Rats are probably just intelligent enough to avoid poison.
• D) Rats may be able to tolerate large amounts of poison.

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Definitions:

Natural Monopoly

A market condition where a single firm can supply a product or service at a lower cost than any potential competitor, often due to economies of scale.

Cheaper Service

A service offered at a lower price relative to other similar services, emphasizing cost-effectiveness.

Perfect Competitor

A theoretical market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can affect the market price.

Average Total Cost

The total cost of production divided by the number of units produced, representing the cost per unit of output.