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:

Assimilation

The process by which individuals or groups adopt the customs, attitudes, and norms of a dominant or surrounding culture, often losing original identity characteristics.

Group Metamorphosis

The process by which a group evolves and changes its structure, behavior, or identity over time.

Study of Whiteness

A field of scholarly research that examines the social construction of whiteness as a racial identity and its implications for power and privilege.

Power

The ability or capacity to do something or act in a particular way, especially as a faculty or quality.