Which of the Following Is True of Spain's Explorations of the New

question 65

Multiple Choice

Which of the following is true of Spain's explorations of the New World?

• A) Individual conquistadores always traveled alone.
• B) Members of the Spanish parties suffered greatly from disease.
• C) Florida was the first region in the present-day United States that Spain colonized.
• D) Spain sought to forestall Portuguese incursions into the New World.
• E) Spain's explorations had no impact on the size of the Native American population.

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Definitions:

Oligopoly

An oligopoly is a market structure dominated by a few large firms, leading to limited competition and possibly collaborative behavior to control prices and market share.

Increasing Returns To Scale

Long-run average total cost declines as output increases (also referred to as economies of scale).

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, such as high start-up costs or strict regulations.

Prisoners' Dilemma

A standard example of a game analyzed in game theory that shows why two individuals might not cooperate, even if it appears that it is in their best interest to do so.