A Virtuous Cycle Occurs

question 251

Multiple Choice

A virtuous cycle occurs

• A)when lobbyists petition members of Congress to grant a public franchise; the lobbyist then raise money for those Congress members who granted the franchise.
• B)when monopoly profits are used to create new products for additional monopoly profits.
• C)when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers.
• D)when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.

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Definitions:

Deteriorating

The process of becoming progressively worse, often used to describe declines in physical objects, health conditions, or environmental quality.

Changing

The process of becoming different, undergoing transformation or modification.

Stronger

Stronger implies having increased muscular strength, emotional resilience, or overall capacity to withstand pressure or adversity.

Macro-Level Influences

Large-scale societal forces that impact individuals and groups, including economic conditions, cultural norms, and governmental policies.