Match Each Historical Figure with the Corresponding Colony Below

question 83

Multiple Choice

Match each historical figure with the corresponding colony below.
-James Oglethorpe

• A)Carolina
• B)Georgia
• C)Maryland
• D)Massachusetts Bay
• E)New Jersey
• F)New Netherland
• G)Pennsylvania
• H)Plymouth
• I)Rhode Island
• J)Virginia

---

Definitions:

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a good or service, providing insight into the cost mechanics of scaling up operations.

Competitive

A market characteristic where multiple firms or entities vie for customers, influencing prices, quality, and services in the process.

Market Price

Market Price is the current price at which a good or service can be bought or sold in a marketplace.

Competitive Price-Taker

A market participant who must accept the prevailing market prices because they have no influence over those prices due to their small market share.