Which of the Following Was NOT a Result of the End

question 3

Multiple Choice

Which of the following was NOT a result of the end of communism in Russia?

• A)A higher crime rate and the appearance of a business elite.
• B)A very clear division between the haves and have nots.
• C)Short term stability of the economy, with Western investments.
• D)Rapid economic inflation and endemic government corruption.
• E)Rising unemployment because of bankrupt companies.

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Definitions:

Identical Firms

Companies that produce the same products or services, have the same production techniques, and face the same costs and market conditions.

Unconcentrated

Describes a market structure with many competitors, none of which have a significant share of the market.

Collude

When two or more firms secretly agree to work together, often to set prices or market shares, in a way that distorts competition.

Market Demand Curve

A graphical representation showing the quantity of a particular good or service that consumers in a market are willing and able to purchase at various prices.