If, as a perfectly competitive industry expands, it can supply larger quantities at the same long-run market price, it is
A) a constant-cost industry. B) a fixed-cost industry.
C) an increasing-cost industry. D) a decreasing-cost industry.
A
You might also like to view...
In a market economy, government decides the answers to the three economic decisions.
Answer the following statement true (T) or false (F)
Job search is defined as
A) equivalent to job rationing. B) being paid an efficiency wage. C) the activity of looking for an acceptable, vacant job. D) attending school to increase your employability. E) saying you are looking for a job when you are actually not looking.
To a seller, the cost of a good or service is ________, and the price is ________
A) what must be given up to produce the good or service; what is received for the good or service B) what is received for the good or service; what must be given up to produce the good or service C) the producer surplus the seller receives; the consumer surplus the buyer receives D) the producer surplus the buyer receives; the consumer surplus the seller receives E) None of the above answers is correct.
In general does international diversification benefit investors?
A) yes, because it allows them to diversify their risk across many countries B) no, because it creates the additional problem of country risk C) yes, because it enables much greater profits through arbitrage opportunities D) no, because it subjects them to legal regulation in additional markets