A Virtuous Cycle Occurs

question 251

Multiple Choice

A virtuous cycle occurs

• A)when lobbyists petition members of Congress to grant a public franchise; the lobbyist then raise money for those Congress members who granted the franchise.
• B)when monopoly profits are used to create new products for additional monopoly profits.
• C)when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers.
• D)when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.

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Definitions:

#define

A preprocessor directive in C and C++ used to create macro definitions or to declare symbolic constants.

Statement

An instruction that a programming language interpreter can execute.

C

A general-purpose, procedural computer programming language supporting structured programming, lexical variable scope, and recursion.

Valid

Refers to something that is correct, acceptable, or in good standing.