Which of the Following Statements About the Incan Empire Is

question 90

Multiple Choice

Which of the following statements about the Incan Empire is INCORRECT?

• A) The Incan Empire was one of the most organized and efficiently managed in the world.
• B) The Inca developed huge stone cities with paved roads.
• C) Unlike their urban centers, Incan agriculture was very primitive for the time.
• D) Incan cities were built through the use of a highly organized labor system.

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Definitions:

Single Firm

Refers to an individual business entity that operates in a market, typically producing goods or services.

Monopoly

A market structure in which a single seller dominates the market for a particular good or service, without any close substitutes.

Monopolistic Industry

An industry dominated by a single firm that has control over pricing and the market, facing little to no competition.

Blocked Entry

A condition in a market where barriers prevent new firms from entering, often leading to reduced competition and allowing existing firms to maintain higher prices and profits.