A Disease That Is Present in Unusually High Numbers Throughout

question 81

Multiple Choice

A disease that is present in unusually high numbers throughout the world is called a(n)

• A) endemic.
• B) epidemic.
• C) sporadic.
• D) pandemic.

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Definitions:

Marginal Cost

The escalation in total expenses incurred from the production of an additional unit of a product or service.

Marginal Costs

The change in total cost that comes from making or producing one additional item.

MC Curve

A graph representing the marginal cost of producing each additional unit of output in a firm or economy.

Monopolist

A monopolist is a sole provider of a good or service in a market, possessing significant control over prices and market conditions due to lack of competition.