Apple Introduced Its IPhone 3G in July 2008 and Within

question 180

Multiple Choice

Apple introduced its iPhone 3G in July 2008 and within a month sales had topped 3 million units.By April 2009, more than 25,000 apps for the iPhone 3G were available in the iTunes store, an indication that in a competitive market,

• A)the ease at which a new firm can enter a competitive market is low.
• B)the ease at which a new firm can enter a competitive market is high.
• C)entry into the market is blocked.
• D)entry into the market is restricted in the short run, but becomes easier in the long run.

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Definitions:

Future Generations

The people who will live at a later time, for whom current generations have a responsibility to leave a sustainable environment.

Maintained

Kept in a specified state or condition.

Sagebrush Rebellion

A movement primarily in the Western United States advocating for more state and local control over federal land policies and management.

Environmental Laws

Statutes and regulations aimed at protecting the environment from harm caused by human activities, through the regulation of pollution, resource management, and conservation.