Suppose Alexander Is Successful in Establishing a Profitable Market for His

question 123

Multiple Choice

Suppose Alexander is successful in establishing a profitable market for his vegan bakery in what is a monopolistically competitive industry.In the long run, Alexander will most likely find it ________ to remain profitable as he faces ________ competition in the vegan bakery market.

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

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Definitions:

Overrepresented

The disproportionate representation of a particular group in a category or field compared to their prevalence in the general population.

Indigenous Persons

Individuals who are the original inhabitants of a region, having distinct cultural, social, and historical ties to the land prior to colonization or annexation.

Crime of Necessity

A legal defense theory where the defendant argues that they committed a crime out of an unavoidable need to prevent a greater harm.

Shoplifts

The act of stealing merchandise from a retail establishment by hiding the item on oneself or in personal belongings.