Which of the Following Statements Is (Are)correct

question 25

Multiple Choice

Which of the following statements is (are) correct?

• A) Convection can occur over the ocean.
• B) Air motions are usually downward around a cumulus cloud.
• C) The temperature of the rising air at a given level inside a cumulus cloud is normally warmer that the air around the cloud.
• D) all of the above

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Definitions:

Contestable Markets

Markets where the entry and exit of firms are so easy that the market always remains competitive, ensuring that prices remain close to marginal costs.

Barriers To Entry

obstacles that make it difficult for new competitors to enter a market, including high startup costs, access to technology, and stringent regulations.

Competitive

Characterizes a market scenario where multiple sellers strive to attract customers by offering better terms, prices, or products.