If a Company Is the Sole U

question 126

Multiple Choice

If a company is the sole U.S.producer of good X,the market may still be contestable because of all but which one of the following?

• A)Foreign producers can provide good X to the U.S.market.
• B)Many domestic firms can potentially begin production of good X.
• C)New technology may threaten to make good X obsolete.
• D)The presence of a government franchise.

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Definitions:

Spinal Canal

The hollow space within the vertebrae through which the spinal cord passes.

Notochord

A notochord is a flexible, rod-shaped structure found in the embryos of all chordates. Notochords served as the first “backbones” in early chordates, and in extant vertebrates the embryonic notochord becomes part of the vertebral column.

Primitive Brain

An early stage in the evolution of the brain, characterized by basic structures that control fundamental life functions, seen in lower animals.

Turgor Pressure

The pressure of water inside plant cells against the cell wall, which contributes to the stiffness of plant tissues and is essential for plant stability and nutrient uptake.