Scenario 15-1 Consider a Transportation Corporation Named C.R.Evans That Has Just Completed

question 147

Multiple Choice

Scenario 15-1
Consider a transportation corporation named C.R.Evans that has just completed the development of a new subway system in a medium-sized town in the Northwest.Currently,there are plenty of seats on the subway,and it is never crowded.Its capacity far exceeds the needs of the city.After just a few years of operation,the shareholders of C.R.Evans experienced incredible rates of return on their investment,due to the profitability of the corporation.
-Refer to Scenario 15-1.C.R.Evans will continue to be a monopolist in the subway transportation industry only if

• A) population growth leads to an overcrowding of the subway cars.
• B) there are no new entrants to the market.
• C) demand for transportation services decreases.
• D) All of the above are correct.

---

Definitions:

Racial Inequality

The unequal treatment or perceptions of individuals based on their race, leading to disparities in wealth, healthcare, education, and employment among other sectors.

Grandfather Clauses

Provisions that allowed individuals to bypass literacy tests, poll taxes, or other barriers to voting if their grandfathers had been eligible to vote, effectively disenfranchising many African Americans.

Enfranchised

Granted the right to vote or provided with a privilege, service, or access that was previously restricted.

Civil War

A war between factions or regions within the same country, often driven by political, ethnic, or religious disputes.