Which of the Following Is or Are Reasons Why the Building

question 13

Multiple Choice

Which of the following is or are reasons why the building and continued use of nuclear power plants faces some opposition in the United States?
i.The threat of an accident that might release large amounts of radiation.
ii.Disposal of the radioactive wastes that are generated by nuclear reactors.
iii.Fear that an irresponsible government may use nuclear fuel to manufacture nuclear weapons.

• A)iii only
• B)i and ii
• C)i and iii
• D)ii and iii
• E)i, ii, and iii

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Definitions:

Price Takers

Firms or individuals who accept the market price as given and have no influence to alter the price of the good or service they are selling or buying.

Four-firm Concentration Ratio

A measurement that indicates the combined market share of the four largest firms in an industry, used to assess the degree of competition within the market.

Herfindahl Index

A measure of market concentration that is used to determine the amount of competition among firms within an industry.

Import Competition

The competition between domestic products and foreign products in a domestic market, affecting local industries.