Write True or False to the Statements Below

question 79

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-Floods are responsible for almost 50 percent of all deaths from natural disasters.

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Definitions:

Marginal Cost

The increased cost associated with making one extra unit of a good or service.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.

Monopolist

A single seller in a market who has significant control over the price and supply of a unique product or service.

Barriers to Entry

Obstacles involving economic, process-related, or legal factors that deter the entry of new firms into a specific industry or business field.