Which Is the Most Accurate Statement

question 112

Multiple Choice

Which is the most accurate statement?

• A)There are no limits to monopoly power.
• B)The market limits monopoly power through the development of substitutes.
• C)If there were just one wheat farm in the United States,it would have a natural monopoly.
• D)There is no way that we can justify the existence of monopolies.

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Definitions:

Food

Nutritious substances that organisms consume or absorb in order to maintain life and growth.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans.

Positive Reinforcement

A process in which presenting a stimulus following a behavior increases the likelihood of the behavior occurring again.

Stimulus

A stimulus is anything in the environment that one can respond to.