Which Is the Accurate Statement

question 21

Multiple Choice

Which is the accurate statement?

• A)There is no evidence that there is such a thing as global warming.
• B)By the end of the century,most of the cities on the east coast and the west coast will be under water.
• C)The effects of global warming are uncertain.
• D)Scientific opinion is virtually unanimous about the effects of global warming.

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Definitions:

Basis for Monopoly

The underlying conditions that enable a firm or entity to become or remain the sole supplier of a good or service, such as control over resources, government regulation, or technology.

Pure Monopoly

An economic condition where one firm controls the market for a product, effectively eliminating competition.

Close Substitutes

Goods or services that can easily replace each other in consumption, offering consumers nearly identical satisfaction.

Natural Monopoly

A market situation where a single firm can supply a good or service to an entire market at a lower cost than could multiple firms.