All of the Following Are True of Nineteenth-Century Miners Except

question 62

Multiple Choice

All of the following are true of nineteenth-century miners except

• A) they labored under the hazards of cave-ins.
• B) sometimes miners faced explosions and deadly gas fumes.
• C) life under the mines was dark, cold, wet, and tenuous.
• D) miners toiled their lives away in "the pits."
• E) mine owners improved working conditions.

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Definitions:

Regulation

involves the establishment of rules or laws designed to control or govern conduct, typically enacted by a government body.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than what two or more companies could.

Least Cost

Refers to the most cost-effective method of producing a given level of output without sacrificing quality.

Horizontal Market

A market that meets a specific need across multiple industries, rather than being confined to a particular sector.