All of the Following Are Characteristics of Many Former African

question 94

Multiple Choice

All of the following are characteristics of many former African colonial states except

• A) internal strife.
• B) diverse cultural groups.
• C) national political identification.
• D) primary tribal or ethnic loyalty.

---

Definitions:

Demand Curve

Illustrates the relationship between the price of a good or service and the quantity demanded by consumers, typically showing a downward slope.

Fringe Firms

Small companies that operate at the edges of a market, often providing alternative or innovative products compared to mainstream companies.

Profit Maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit.

Marginal Cost

The augmentation in total expenditure resulting from the manufacture of one more unit of a product or service.