Companies Delivering Mixed Concrete Know That It Cannot Be Shipped

question 55

Multiple Choice

Companies delivering mixed concrete know that it cannot be shipped farther than twenty-five miles because the concrete might harden in the truck. Citrus County Concrete Company is the only supplier of mixed concrete to customers within a thirty-mile radius. Citrus County Concrete is an example of which one of the following competitive structures?

• A)Monopoly
• B)Oligopoly
• C)Monopolistic competition
• D)Pure competition
• E)Monopsony

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Definitions:

Embryo

(1) A young organism before it emerges from the egg, seed, or body of its mother. (2) Developing human until the end of the second month, after which it is referred to as a fetus. (3) In plants, the young sporophyte produced following fertilization and subsequent development of the zygote.

Adrenal Cortex

The outer portion of the adrenal glands located above the kidneys, which produces several vital hormones, including cortisol and aldosterone.

Sodium Excretion

The process by which the kidneys remove excess sodium ions from the body to maintain electrolyte balance and blood pressure.

Kidney

An organ in vertebrates that is essential for the filtration and excretion of waste products from the blood and the regulation of bodily fluids.