The Climate Classification for a Region with Average Monthly Temperatures

question 24

Multiple Choice

The climate classification for a region with average monthly temperatures that remain above 18°C (64°F) throughout the year and abundant rainfall,except for a short one or two month dry period,would probably be

• A) tropical wet (Af).
• B) moist subtropical (Cs).
• C) tropical monsoon (Am).
• D) humid continental (Dfa).

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Definitions:

Cartels

are agreements between competing firms in the same industry to control prices, limit production, or divide markets, in order to increase profits by reducing competition.

Homogeneous Product

A homogeneous product is one that is perceived by consumers as identical in quality and function to a product from another producer.

Entry Barriers

Entry Barriers are obstacles that make it difficult for new entrants to enter an industry, protecting existing firms from competition.

Oligopoly

An oligopoly is a market structure dominated by a few large firms, leading to limited competition and possibly collaborative behavior to control prices and market share.