A Serious Problem That Is Faced in Protecting Ocean Biodiversity

question 22

Multiple Choice

A serious problem that is faced in protecting ocean biodiversity is our lack of data on all of the following except

• A)how ocean ecosystems work
• B)how increasing levels of pollution affect species
• C)the effect of rising acidity in the oceans
• D)the effect of increasing water temperature
• E)the effect of hurricanes on shorelines

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Definitions:

Marginal Cost

The extra cost associated with producing a further unit of a product or service.

Market Output

The total quantity of a good or service produced and sold by firms in a particular market.

Intertemporal Price Discrimination

A pricing strategy where prices are varied over time for the same product to exploit differences in willingness to pay.

Second-Degree Price Discrimination

A pricing strategy where prices vary according to the quantity consumed or the version of the product, without personal characteristics of the buyer influencing the price.