Which of the Following Is an Example of Market Power

question 152

Multiple Choice

Which of the following is an example of market power?

• A) a fast food restaurant in a university town
• B) a wheat farmer in Saskatchewan
• C) the only motel is in a remote Yukon town
• D) a shoe store in Ontario

---

Definitions:

Highly Defined

Clearly outlined or specified with detailed characteristics or features.

Ambiguous

Describes something that is open to more than one interpretation, unclear, or uncertain.

Leaders Born

The belief that leadership qualities are inherent and people are born with the natural ability to lead.

Climates

Refers to the prevailing weather conditions in a geographical area over long periods, but can also relate to the general atmosphere or environment in a specific setting.