Most Satellites Circle the Earth ____ Miles Above the Equator

question 22

Multiple Choice

Most satellites circle the Earth ____ miles above the equator in a geosynchronous orbit.

• A) 100
• B) 1240
• C) 6,000
• D) 22,300

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Definitions:

Perfect Competition

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information, where no single entity can influence market prices.

Economic Profits

The surplus obtained when a firm’s total revenues exceed both its explicit and implicit costs, providing a full picture of its financial health.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of a business to adjust to market changes.

Perfect Competitor

A market participant in perfect competition, characterized by a homogeneous product and no single buyer or seller having market control.