Sanitation,which Involves the Provision of Toilets and the Elimination of Personal

question 29

Multiple Choice

Sanitation,which involves the provision of toilets and the elimination of personal waste,is an institution because

• A)it involves a hierarchy of employees who are promoted according to a bureaucratic scaffolding.
• B)the details of how we manage sanitation are dictated by the federal government.
• C)it is found,in one form or another,throughout the world.
• D)it solves a social problem that cannot easily be fixed by individuals working alone.

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Definitions:

Monopolistically Competitive Industry

In a monopolistically competitive industry, numerous firms compete against each other with differentiated products, allowing for some degree of market power and price setting.

Downward Sloping

Describes a line or curve on a graph that shows a decrease in one variable as another variable increases, commonly seen in demand curves.

Depicts

Represents or shows something in a picture or story form, often used to describe how information is visually presented.

Profits

The financial gains obtained when revenues exceed the costs and expenses incurred to operate a business.