When You Open a Template, Word Actually Creates a Document

question 35

Multiple Choice

When you open a template, Word actually creates a document that is an exact ____ of the template.

• A) form
• B) model
• C) duplicate
• D) copy

---

Definitions:

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.

Chronic Excess Capacity

A persistent situation in which industries or firms have more production capacity available than is being used, often leading to economic inefficiencies and reduced profit margins.

Minimum-Cost Output

The quantity of output at which the average total cost is lowest—the bottom of the U-shaped average total cost curve.

Perfectly Competitive

refers to a market structure where there are many buyers and sellers, all selling identical products, with no single market participant being able to influence the market price.