Which Statement About Genetically Modified Foods and Allergens Is Incorrect

question 39

Multiple Choice

Which statement about genetically modified foods and allergens is incorrect?

• A)Biotechnology companies monitor the allergenic potential of proteins used for plant genetic engineering.
• B)Potentially allergenic soybeans were kept from entering the market in 1996.
• C)The products of new genes could cause people to have an allergic reaction to previously safe foods.
• D)Because of the mandatory testing system,individuals with food allergies can assume that new foods are safe.

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Definitions:

Marginal Cost

The extra cost associated with producing a further unit of a product or service.

Market Output

The total quantity of a good or service produced and sold by firms in a particular market.

Intertemporal Price Discrimination

A pricing strategy where prices are varied over time for the same product to exploit differences in willingness to pay.

Second-Degree Price Discrimination

A pricing strategy where prices vary according to the quantity consumed or the version of the product, without personal characteristics of the buyer influencing the price.