Which of the Following Statements Regarding the Trucking Industry Is

question 94

Multiple Choice

Which of the following statements regarding the trucking industry is correct?

• A)The recession of 2007 -2009 caused many trucking firms to exit with many firms filing for bankruptcy.
• B)The trucking industry most closely resembles an oligopoly.
• C)Even though there is a high degree of competition, firms in the trucking industry are able to sustain positive economic profits as a result of a substantial degree of product differentiation.
• D)The trucking industry was largely unaffected by the recession of 2007-2009 mainly because the industry is comprised by large firms with significant market power.

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Definitions:

Vascular Neurocognitive Disorder

A form of dementia resulting from multiple strokes and/or ischemic events.

Prevalence

The proportion of a population that is affected by a particular disease, condition, or characteristic at a specific time.

Causes

The reasons or factors that lead to the occurrence or existence of a condition, event, or outcome.

Biological Factors

Components of an individual's physical state that influence their behavior, such as genetic makeup, brain chemistry, and nervous system functioning.