If Your Farm Has the Only Known Source of a Rare

question 134

Multiple Choice

If your farm has the only known source of a rare cocoa bean needed to make chocolate-covered peanuts, your monopoly would result from:

• A) sunk costs.
• B) location.
• C) restricted ownership of inputs.
• D) government restrictions.

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Definitions:

Hot Spots

Plumes of hot mantle rising to the Earth's surface, often fixed beneath a tectonic plate, which create volcanic islands and seamounts as the plate moves overhead.

Rising Plume

A vertically ascending column of one fluid through another, typically used to describe hot, buoyant material rising through the Earth's mantle.

Crustal Expressions

Refers to the physical features present on the Earth's crust, which are a result of various geological processes.

Magma Chamber

A large underground pool of liquid rock found beneath the surface of the Earth.