On a Remote Highway in Western Colorado, Brendan Operates the Only

question 14

Multiple Choice

On a remote highway in western Colorado, Brendan operates the only gas station within 80 miles of the nearest town. Because of the lack of competition, prices in this market will be _____ than in a competitive market, resulting in _____ deadweight loss.

• A) higher; greater
• B) higher; less
• C) lower; greater
• D) lower; less

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Definitions:

Leadership

The act of guiding, directing, and influencing others towards achieving shared objectives or goals.

Diversity Training

Diversity training is educational programs designed to foster awareness, understanding, and respect for differences among individuals in a workplace or community, including but not limited to, race, gender, ethnicity, religion, and sexual orientation.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Performance Orientation

An approach or mindset focused on achieving outcomes and results rather than the learning process or individual effort.