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and QUESTION 18 The very foundation of economics is Oscarcity and choice supply and demand money and the Economy dollars and Cents QUESTION 19 The Blue Ocean Strategy refers to: an effort to be a better competitor a strategy to ensure that production methods are environmentally sound an effort to make the competition irrelevant the strategy of leaving the smallest ecological footprint QUESTION 20 A price ceiling requires governmental interference occurs naturally in a monopoly is the highest price that a market will bear is the place where the market is in equilibrium