A Snakelike Ridge of Sand and Gravel Formed at the Bottom

question 2

Multiple Choice

A snakelike ridge of sand and gravel formed at the bottom of an ice tunnel or channel that drains the ice sheet is a/an:

• A)arête
• B)esker
• C)medial moraine
• D)drumlin

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Definitions:

X-inefficiency

The inefficiency that occurs in a firm due to a lack of competitive pressure, leading to higher costs than necessary.

Pure Competition

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, leading to price-taking behavior.

Pure Monopoly

A market scenario in which one company monopolizes the entire market for a specific product or service, lacking any significant alternatives.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.