One Result of Costa Rica's Commitment to Conservation Is That

question 7

Multiple Choice

One result of Costa Rica's commitment to conservation is that

• A) destructive practices such as massive logging and large-scale single-crop agriculture have been nearly eliminated.
• B) both protected park areas and the buffer zones around them have suffered only negligible deforestation.
• C) ecotourism generates many jobs and brings in a significant fraction of the country's revenue.
• D) about 95% of the country's land is protected in some way.

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Definitions:

Price Taker

An entity (often a company or individual) that has no control to dictate prices for goods or services in the market and must accept the prevailing market price.

Maximum Profit

The highest possible financial gain that a business can achieve from its operations over a specific period.

Natural Monopolies

Situations where a single firm can supply a good or service to an entire market at a lower cost than could multiple firms.

ATC

Average Total Cost, which is the sum of all production costs divided by the quantity of output produced, incorporating both fixed and variable costs.