Mr Stewart Owns the Only Hardware Store in a Small

question 24

Essay

Mr. Stewart owns the only hardware store in a small Midwestern town. His nearest competition is more than 50 miles away, yet he does not earn any economic profit. Does someone need to explain the economic concept of monopoly to him?

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Definitions:

Zen Master Suzuki

A reference to Shunryu Suzuki, a Sōtō Zen monk and teacher who helped popularize Zen Buddhism in the United States in the 20th century.

Neurologically Active

Substances or processes that have an effect on the nervous system's function.

Traditional Practices

Customs and ways of doing things that have been passed down through generations within a culture or community.

Entrenched Beliefs

Deeply held convictions or opinions that are resistant to change, even in the face of contradictory evidence.