What Is the Best Way to Minimize Our Energy Impact

question 97

Multiple Choice

What is the best way to minimize our energy impact?

• A) use solar power
• B) use hydroelectric power
• C) use coal based power
• D) use wind generated power
• E) use less energy

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Definitions:

Marginal Cost

The extra expense derived from the production of an additional unit of a product or service.

Perfectly Competitive

A market structure characterized by a large number of firms selling identical products, with no single firm able to influence the market price.

Oligopolistic

Describes a market structure in which a few firms dominate the industry, leading to limited competition.

Marginal Cost

The rise in overall expenses resulting from the manufacture of an extra unit of a product or service.