Which of the Following Is a Reason Why Homesteaders' Attempts

question 20

Multiple Choice

Which of the following is a reason why homesteaders' attempts to farm and ranch in the Amazon rainforest ultimately were unsuccessful?

• A) Rainforest soils were poor and easily eroded, and land titles were not secure.
• B) Excessive use of pesticides and herbicides poisoned the land.
• C) Government geologists supplanted the farmers searching for sources of fossil fuels.
• D) Growing "green" fuels, such as sugarcane biomass, was more lucrative but not suited to the rainforest ecosystem.

Understand the role of advertising and brand names in monopolistic competition.

Examine the impact of monopolistic competition on economic efficiency and deadweight loss.

Identify strategies firms use to gain market power within monopolistic competition.

Discuss the role of consumer preferences and product differentiation in monopolistic competition.