In Comparison with the U

question 20

True/False

In comparison with the U. S. population as a whole, Arab Americans are more likely to be single, female, older, and less educated.

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Definitions:

Barriers to Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Gas Station

A commercial outlet that offers gasoline and motor oil for automobiles.

Economic Profit

Profits earned by a firm after accounting for both explicit costs and opportunity costs.

Cartel

A group of independent companies that collaborate to control prices and production in order to monopolize a market.