Many Environmental Issues Are Local or Regional; However, Some Are

question 21

Multiple Choice

Many environmental issues are local or regional; however, some are international or global in scope. An example of a global environmental issue is ________________.

• A) destruction of the stratospheric zone
• B) greenhouse gases
• C) global warming
• D) all of the above

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Definitions:

Monopoly

A market framework in which there is only one seller offering a distinctive product to the market.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Marginal Cost

The added financial burden incurred by manufacturing one more good or service unit.

Government Rules

Regulations and guidelines established by government authorities to govern behavior, enforce standards, and protect the public interest.