Suppose James and Katherine Are Successful in Establishing a Profitable

question 21

Multiple Choice

Suppose James and Katherine are successful in establishing a profitable market for their "ghost restaurants" in what is a monopolistically competitive industry.In the long run, James and Katherine will most likely find it ________ to remain profitable as they face ________ competition in the "ghost restaurant" market.

• A)harder; more
• B)harder; less
• C)easier; more
• D)easier; less

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Definitions:

Fight-or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, prompting either aggressive resistance or escape.

CNS

The central nervous system, consisting of the brain and spinal cord, responsible for processing and transmitting information throughout the body.

Calm

A state of peace and tranquility, with an absence of stress, agitation, or excitement.

Muscles

Tissues in the body capable of contraction, making movement possible and playing a critical role in bodily function and maintained posture.