Approximately How Much of the U

question 9

Multiple Choice

Approximately how much of the U.S. energy supply consists of fossil fuels?

• A) 90%
• B) 70%
• C) 50%
• D) 30%
• E) 10%

---

Definitions:

Large Relative

Describing an entity or value that is significantly larger in comparison to others within a given context.

Market Power

An imperfectly competitive firm’s ability to raise price without losing all of the quantity demanded for its product.

Differentiated Products

These are products that are distinct from one another on the basis of branding, quality, or other characteristics that are valued by consumers.

Barriers

Obstacles that prevent entry into a market or hinder competition within a market.