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Which of the Following Are Evidence for an Asteroid Impact

question 21

Multiple Choice

Which of the following are evidence for an asteroid impact being the cause of the extinction of the dinosaurs 65 million years ago (as well as 75% of all species alive at the time) ?


Definitions:

Productive Efficiency

A situation where a good or service is produced at the lowest possible cost.

Allocative Efficiency

A state of the economy in which resources are allocated in a way that maximizes the total benefit to society.

Collusive Oligopoly

A market structure where a few firms dominating the market agree to set prices or output levels, reducing competition and maximizing collective profits.

Limit Pricing

A strategy where a firm sets the price of its products low enough to discourage new competitors from entering the market.

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