Which of the Following Was a Consequence of the Battles

question 29

Multiple Choice

Which of the following was a consequence of the battles of Elkhorn Tavern and Honey Springs, Arkansas?

• A) Confederate forces gained control of the Arkansas River, giving them a water route into the western territories.
• B) After suffering defeat at the hands of a powerful alliance of Indian tribes, Union forces withdrew from the region.
• C) Union forces lost control over the portion of the Mississippi River that marked the boundary between Arkansas and Tennessee.
• D) The Confederacy lost control of the region, and its operations in Indian Territory were reduced to guerrilla raids.

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Definitions:

Perfect Competitor

A theoretical firm in a perfectly competitive market that cannot influence the market price of its product and can only decide the amount of output produced.

Perfectly Elastic

A situation in demand or supply where quantity changes infinitely in response to any change in price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.

Accounting Profits

The total revenue of a business minus the explicit costs and depreciation expenses; it's a measure of a company's financial performance according to standard accounting principles.