Use the Figure Below to Answer the Following Questions

question 29

Multiple Choice

Use the figure below to answer the following questions. Figure 11.4.3
-Refer to Figure 11.4.3,which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market.In the long run,

• A)firms that remain in the market will expand production.
• B)market demand will increase.
• C)firms will adopt labour-saving technology.
• D)industry output will remain constant.
• E)firms will enter the market.

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Definitions:

Corroborating Evidence

Additional evidence that supports or confirms the validity of an initial piece of evidence or claim.

Neural Evidence

Data or indicators derived from the nervous system, often used to support psychological or neuroscientific theories.

Memory Traces

The theoretical means by which memories are stored in the brain, believed to be a physical or biochemical change in neural tissue.

Neural Circuits

Networks of neurons interconnected by synapses, which are responsible for processing and transmitting information in the nervous system.