Which of the Following Is a Clear Example of a Negative

question 2

Multiple Choice

Which of the following is a clear example of a negative and unforeseen consequence of the use of cell phones?

• A) People would stop using landlines as much.
• B) There would be more automobile accidents.
• C) People would use cell phone cameras to film people without their knowledge.
• D) None of the above

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Definitions:

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product.

Price Setting

The determination of the selling price of goods or services, typically factoring in costs, demand, and competitive prices.

Efficient Scale

The level of production that minimizes the average total cost of production, optimizing resource usage.

Competitive Firm

A company that operates in a market where prices are determined through competition amongst businesses.