Explanatory Writing Involves

question 55

Multiple Choice

Explanatory writing involves

• A) describing how or why something was done.
• B) explaining how or why something was done.
• C) providing a clear picture of your feelings on an issue.
• D) exemplifying how something works.

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Definitions:

Natural Monopoly

A market condition where a single firm can supply the entire market at a lower cost than any combination of two or more firms due to economies of scale.

Social Regulation

Government-imposed regulations aimed at improving health, safety, and the welfare of the public, covering issues like pollution and workplace safety.

Antitrust Policy

Regulations and laws designed to promote competition and prevent monopolies, protecting consumers from predatory business practices.

Laissez-Faire Perspective

An economic philosophy of minimal government interference in the affairs of businesses and markets.