An Example of a Final Good Is

question 40

Multiple Choice

An example of a final good is:

• A) chocolate chips purchased by Nabisco to make Keebler chocolate chip cookies.
• B) chocolate chips purchased by you to make chocolate chip cookies.
• C) chocolate chips purchased by a restaurant to make a chocolate chip cookie pie to sell.
• D) chocolate used to make Cocoa Rice Krispies.

---

Definitions:

Rare Cocoa Bean

A type of cocoa bean that is uncommon or hard to find, often used in making high-quality or specialty chocolates.

Monopoly

A market structure characterized by a single seller selling a unique product with no close substitutes, leading to high control over prices.

Single Seller

A market structure in which there is only one provider of a particular good or service, often resulting in monopolistic control over the market.

Barriers To Entry

Factors that prevent or hinder the ability of new competitors to enter and compete in an industry or market.