By 1869 the First Transcontinental Railroad Was Joined with a Final

question 3

Multiple Choice

By 1869 the first transcontinental railroad was joined with a final golden spike at Promontory Point, _______, resulting in an astonishing total of 53,000 rail miles in the US by 1870.

• A) Colorado.
• B) Utah.
• C) Nebraska.
• D) Missouri.

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Definitions:

Fast-food Outlets

Quick service restaurants that serve food rapidly and are typically part of a large chain or franchise.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, leading to competition based on factors other than price.

Perfect Competition

A market structure where many firms sell identical products, no single firm can influence the market price, and all information is fully shared among buyers and sellers.

Number of Firms

The total count of businesses operating within a particular market or industry.