Unfair Competitive Advantages Occur When

question 40

Multiple Choice

Unfair competitive advantages occur when:

• A)one competitor has an advantage others cannot purchase.
• B)market middlemen are displaced.
• C)information is equally distributed and transaction costs are low.
• D)firms are able to gather monopoly profits.

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Definitions:

Human Activity

Actions or tasks performed by humans which influence or interact with the environment or society.

Environmental Sustainability

Practices and policies designed to protect and preserve natural resources for future generations, ensuring a balanced relationship with the environment.

British Petroleum

A global oil and gas company headquartered in London, England, known for its petroleum and energy operations.

Gulf of Mexico

is a large ocean basin near the Southeastern coast of the United States, Mexico, and part of Cuba, known for its rich biodiversity and significant oil deposits.