Which of the Following Is an Example of a Land-Intensive

question 86

Multiple Choice

Which of the following is an example of a land-intensive commodity?

• A) chemicals
• B) autos
• C) watches
• D) wool

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Definitions:

Large Firms

Companies or enterprises that have a large scale of operations, significant market power, and a vast distribution of employees and resources.

Barrier To Entry

Factors that prevent or hinder companies from entering a specific market or industry.

Natural Monopoly

A market condition where due to high fixed or start-up costs, the most efficient number of firms in the industry is one.

Electric Power

The production and delivery of electricity through an interconnected network for uses such as lighting, heating, and powering appliances.