The Inevitable Energy Lost as Heat in the Generation of Electrical

question 105

Multiple Choice

The inevitable energy lost as heat in the generation of electrical energy in the most efficient fossil fuel based power plant is a result of

• A)the first law of thermodynamics.
• B)the second law of thermodynamics.
• C)a poor understanding of energy conversion.
• D)designed inefficiencies to increase costs to the consumer.

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Definitions:

Tacit Collusion

A form of collusion in which firms in a market coordinate their pricing or output strategies without explicit communication or agreement.

Competition

The rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix.

Illegal

Activities or actions that are prohibited by law and subject to legal penalties, including fines and imprisonment.

Legal

Pertaining to laws or the system of rules that a particular country or community recognizes as regulating the actions of its members.