Ethnicity Is Based on All of the Following,except

question 3

Multiple Choice

Ethnicity is based on all of the following,except

• A) race.
• B) religion.
• C) gender.
• D) language.

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Definitions:

Standardized Product

Goods or services that are uniform in quality and specifications across all producers and marketplaces.

Marginal Revenue

The additional profit earned from the sale of an extra unit of a product or service.

Purely Competitive Firm

Describes a business that operates in a market where no single company can influence prices, due to the presence of many sellers offering identical products.

Output

The quantity of goods or services produced in a certain period of time by a person, machine, or industry.