Standardized Nutrition Language Consists Of

question 14

Multiple Choice

Standardized nutrition language consists of:

• A) ​concise phrases that are organized into groups.
• B) ​broad terms that are categorized into sets.
• C) ​a list of words that are available to use in documentation.
• D) ​descriptive terms that cannot be used interchangeably.
• E) ​a chart that provides terminology to choose for documentation.

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Definitions:

Monopoly

An economic condition where only one seller offers a distinctive product in the marketplace, with no similar alternatives available.

Natural Monopoly

A market condition where due to high fixed or start-up costs, efficient service is provided by a single firm instead of multiple competing firms, often seen in utilities sectors.

Fair-Return Price

For natural monopolies subject to rate (price) regulation, the price that would allow the regulated monopoly to earn a normal profit; a price equal to average total cost.

Allocatively Efficient

A state of resource allocation in which it is impossible to make any one individual better off without making someone else worse off.