Which of the Following Is the Best Example of a Firm

question 92

Multiple Choice

Which of the following is the best example of a firm operating in a monopolistically competitive market?

• A) a Nebraska corn farmer
• B) Applebee's, a casual dining restaurant
• C) the U.S. Postal Service
• D) Ford, an automotive manufacturer
• E) electric companies prior to deregulation

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Definitions:

Radical Republicans

A faction of American politicians within the Republican Party of the United States from about 1854 until the end of Reconstruction in 1877, who believed in the immediate emancipation of the slaves and harsh repercussions for the Southern states.

Emancipation Proclamation

Declaration issued by President Abraham Lincoln; the preliminary proclamation on September 22, 1862, freed the slaves in areas under Confederate control as of January 1, 1863, the date of the final proclamation, which also authorized the enrollment of black soldiers into the Union army.

Delayed

Postponed or made later than originally planned or expected.

Battle of Antietam

A pivotal Civil War battle fought on September 17, 1862, known for being the bloodiest single-day conflict in American history.