Which of the Following Is Not a General Difference Between

question 80

Multiple Choice

Which of the following is not a general difference between a planet and a star?

• A)Planets are smaller than stars.
• B)Planets are dimmer than stars.
• C)All planets are made of rock and all stars are made of gas.
• D)Planets orbit stars,while stars orbit the center of the galaxy.

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Definitions:

Marginal Cost

The additional total expense that results from the creation of one more unit of a product or service.

Monopoly Power

The ability of a single seller to control prices and total market supply in an industry.

Social Cost

The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.

Profit Maximizing

Profit maximizing is the process by which a firm determines the price and output level that returns the greatest profit.