Clustering

question 29

Multiple Choice

Clustering:

• A)occurs when government resources are diverted toward one particular sector of the economy.
• B)takes place when new firms enter regions already thick with other firms in the same or similar industries.
• C)occurs when there is a single firm in the economy that can charge different prices for the same product.
• D)implies that consumers with similar tastes and preferences tend to stay in the same region.
• E)occurs when all the firms in the industry sell identical commodities and charge identical prices for these commodities.

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Definitions:

Unreasonable Risk

A level of danger that surpasses what is considered acceptable or safe in a given context.

Comparative Negligence

A legal doctrine that allocates damages based on the degree of fault of each party involved in an accident.

Contributory Negligence

A legal doctrine stating that if the plaintiff in a tort law case is found to be partially at fault for the accident, they may be barred from receiving compensation.

Unfounded Claims

Assertions or allegations that lack supporting evidence or basis in fact, often considered to be baseless or false.