What Is the Reason for the Law of Increasing Opportunity

question 79

Multiple Choice

What is the reason for the law of increasing opportunity costs?

• A) There is no reason: it is just one of the laws of economics.
• B) Resources have varying abilities and those with lower opportunity costs of producing a good will be used to produce it before resources with higher opportunity costs produce it.
• C) The price of a good rises as more of it is demanded.
• D) As more of a good is produced,the taxes applied to the production of the good rise.
• E) c and d

---

Definitions:

Sherman Act

A foundational antitrust law in the United States passed in 1890 that prohibits monopolies and any unreasonable constraints of trade.

Market Competition

The rivalry among businesses to attract customers and gain market share through price, product quality, services, and innovation.

Unfairly Restricting

refers to practices or policies that unduly limit the freedoms or opportunities of individuals or entities, often in a manner that is deemed unjust or biased.

Anticompetitive Behavior

practices by businesses that reduce competition in the market, often scrutinized under antitrust laws.