What Strategy for Establishing a Colonial Presence in North America

question 37

Multiple Choice

What strategy for establishing a colonial presence in North America did France pursue more often and more successfully than Spain or England?

• A) Extensive trade with a range of Indian nations
• B) Extensive network of forts along the Atlantic coast
• C) Extensive use of fishing and gaming as sources of wealth
• D) Extensive use of advanced weapons to fight off Indians

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenue, often indicating the degree of profitability beyond normal expectations.

Excess Capacity

A situation where a company can produce more goods than the market demands, often leading to inefficiencies.

Monopolistic Competition

A market structure featuring many firms selling products that are similar but not identical, allowing for competition based on quality, price, and marketing.