Between 1434 and 1472, Through a Combination of Private and Public

question 52

Multiple Choice

Between 1434 and 1472, through a combination of private and public expeditions, _________ mariners explored the African coast as far east as the Bight of Benin.

• A) British
• B) Portuguese
• C) Spanish
• D) Dutch

---

Definitions:

Sherman Antitrust Act

A landmark 1890 U.S. legislation aimed at prohibiting monopolies and other practices that restrained competition and trade.

Fixing Prices

The practice of setting the price of a product or service, rather than allowing it to be determined naturally through free-market forces.

Oligopoly Outcome

In markets dominated by a small number of firms (an oligopoly), the outcome often includes non-price competition, strategic interactions, and potentially higher prices and lower outputs than in competitive markets.

Prisoners' Dilemma

A situation in game theory in which two individuals acting in their own self-interest pursue a course of action that does not result in the ideal outcome for either party.