-Which of the Following Can Be Inferred from the Information

question 28

Multiple Choice

-Which of the following can be inferred from the information in the figure?

• A)If the United States had the same energy intensity as China,per capita energy use in the United States would be much higher.
• B)Countries that are more energy intense use more energy per capita than countries that are less energy intense.
• C)Per capita energy use in China will decrease as the country's energy intensity decreases.
• D)The United States has a higher energy intensity than most countries.

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Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share, leading to limited competition.

Dominant Price Leader

A firm that has the biggest market share in an industry and whose price changes are usually followed by other firms in the market.

Oligopoly

A market structure characterized by a small number of firms which dominate the market, leading to limited competition and potentially higher prices for consumers.

Price Leadership

A form of oligopoly in which one dominant firm sets prices and all the smaller firms in the industry follow its pricing policy.