Refer to the Table Below

question 65

Multiple Choice

Refer to the table below. The equilibrium price in this market is:

• A) between $20 and $30.
• B) between $30 and $40.
• C) between $40 and $50.
• D) nonexistent.

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Definitions:

Entrepreneurs

Individuals who create, organize, and manage a new business venture, taking on financial risks to do so.

Infrastructure

The basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, bridges, water supply, and electric grids.

Communications Facilities

Infrastructure and equipment used for the transmission, emission, or reception of signs, signals, writing, images, sounds, or information of any nature by wire, radio, optical, or other electromagnetic systems.

Industrial Plants

Facilities that contain machinery and equipment for manufacturing or processing goods and materials.