As you scan the national news online,you read about the BXY Utility Company's latest problems.The story describes an expansive retaining wall that collapsed during a flood last week,spewing toxic coal ash,burying homes,and causing a few fatalities.An editorial claims that the company will not be held accountable to the same standards as the asbestos companies of a few years back that paid severe fines and even went out of business due to their lack of attention to environmental clean-up.You agree with the writer because you recently studied about the various competitive markets and utility companies clearly fall under monopolistic competition.
Level of Learning 3: Application of principles

Question

Quizplus · Accepted Answer

The given statement does not directly relate to the application of principles of monopolistic competition. The information provided in the news article is about the collapse of a retaining wall and the environmental damage caused by a utility company. The editorial claim about the company's lack of accountability is not directly linked to the principles of monopolistic competition. The statement is a personal opinion based on the writer's perspective.

As You Scan the National News Online,you Read About the BXY