Which of the Following Is False

question 37

Multiple Choice

Which of the following is false?

• A)The completion of the national railroad network by 1890 led to the development of a national American market rather than just a series of smaller regional markets.
• B)Northern manufacturers benefited from high protective tariffs,which kept out cheaper British goods.
• C)The U.S.was the first mass-consumption society.
• D)Aside from slavery,southern and northern agriculture were very similar.

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Definitions:

Competitive Market

A market structure where numerous buyers and sellers interact, and no single buyer or seller can influence the price of a good or service, leading to an efficient allocation of resources.

Drug Sales

The commercial activity of selling medications, including both prescription drugs and over-the-counter products.

Deadweight Loss

The loss of economic efficiency when the equilibrium outcome is not achievable or not achieved.

Competitive Level

The point where an entity can effectively compete in the market, usually by matching or surpassing competitors' offerings.