Which of the Following Is True

question 49

Multiple Choice

Which of the following is true?

• A) Competitive forces are present even in markets with high barriers to entry.
• B) Quality competition is an unimportant element of the competitive process.
• C) Profitability and high prices discourage technological change and the development of substitute products.
• D) Government regulations have substantially increased the quality of American manufacturing products in recent years.

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Definitions:

Energy Conversion

The process of transforming energy from one form into another, such as converting kinetic energy into electrical energy.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Nuclear Changes

Transformations at the atomic level, including reactions in nuclear power generation and atomic bombs, which can alter the composition of atomic nuclei.

Conservation

The preservation, protection, or restoration of the natural environment, natural ecosystems, vegetation, and wildlife.