The Photosynthetic Bacteria That Form the Basis of the Food

question 97

Multiple Choice

The photosynthetic bacteria that form the basis of the food chain in the Great Salt Lake are classified as

• A) secondary consumers.
• B) carnivores.
• C) omnivores.
• D) herbivores.
• E) producers.

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Definitions:

Oligopolists

Companies or entities that are part of an oligopoly, a market structure characterized by a small number of firms controlling a large market share, often leading to less competitive markets.

Pricing Behavior

The strategies and practices employed by sellers in setting and adjusting prices of goods and services.

Kinked-Demand Curve

A demand curve that has a flatter slope above the current price than below the current price. Applies to a noncollusive oligopoly firm if its rivals will match any price decrease but ignore any price increase.

Elastic Demand

A situation where the quantity demanded of a good or service changes significantly due to a change in its price.