The War in the Balkans Saw All of the Following

question 84

Multiple Choice

The war in the Balkans saw all of the following except ______________.

• A) ethnic cleansing
• B) the systematic policies of raping Muslim women
• C) the first UN air strike
• D) mass extermination of Muslims
• E) peaceful accord with the Geneva Conventions

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Definitions:

Price Taker

A market participant that accepts market prices as given and cannot influence those prices.

Monopolies

Market situations where a single company or entity has exclusive control over a particular product or service, leading to less competition.

Average Total Cost

The total cost of production divided by the quantity produced, representing the average cost per unit.

Short Run

A period in economics where at least one factor of production is fixed and cannot be changed.