For Europe, What Was the Most Striking and Long-Term Impact

question 1

Multiple Choice

For Europe, what was the most striking and long-term impact of the outcome of the Franco-Prussian War?

• A)The amazing and immediate rise of influence in Europe by the United States.
• B)The unification of the many independent sections of Germany into a country.
• C)The French accepted German domination for the rest of modern history.
• D)The English exploited the war between France and Germany to seize French territory.
• E)The Russians were able to enact their reforms while the other countries were at war.

Analyze how changes in a firm's output level affect its profitability in a competitive market.

Recognize the implications of a firm producing at a level where marginal cost exceeds or is less than marginal revenue.

Understand the impact of market conditions on a firm's decision to adjust output rather than price in a competitive price-taker market.

Understand the concept of a price-taker firm in competitive markets.