A Gribble

question 15

Multiple Choice

A gribble:

• A) is the substrate required for kelp to grow on.
• B) is a snail that crawls along kelp stipes.
• C) is a group of lobsters.
• D) is a crustacean that burrows into kelp holdfasts.
• E) is an echinoderm that consumes kelp.

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Definitions:

Restaurant Industry

A sector of the economy that is concerned with the preparation, sale, and service of food and beverages to customers.

Quantity

The amount or number of a material or immaterial good considered as a unit or units.

Economic Profits

Profits after subtracting both explicit and implicit costs from total revenue, representing earnings that exceed the opportunity cost of all resources.

Monopolistic Competition

A market structure in which many companies sell products that are similar but not identical, allowing for competition on factors other than price.