The Basis for Defining the Length of a Day Is

question 27

Multiple Choice

The basis for defining the length of a day is the fact that

• A)Earth rotates east to west.
• B)Earth moves through 365.25 days a year in its orbit about the Sun.
• C)Earth rotates on its axis in 24 hours i.e. ,it rotates 15° of longitude per hour.
• D)Earth does not rotate rather,it revolves.
• E)Earth rotates west to east.

---

Definitions:

Monopoly

A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.

Monopolistically Competitive

A market structure in which many firms sell products or services that are similar but not identical, allowing for competition on factors other than price.

Entry Barriers

Refers to obstacles that prevent or hinder new competitors from easily entering an industry or area of business.