The Number of Firms Increases in the Long Run When

question 73

True/False

The number of firms increases in the long run when the industry realizes profits.

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Definitions:

Rebelled

Acted in opposition or resistance to an established government or ruler, typically involving conflict or warfare.

Masters

In an educational context, refers to advanced degrees following a bachelor's degree, such as Master of Arts (M.A.) or Master of Science (M.Sc.), indicating a higher level of study in a particular field.

Demographic Projections

Demographic projections are estimates of future population changes, considering factors like birth rates, mortality rates, and migration patterns.

Racial Minority

Groups of people who are distinguished from the majority population based on race or ethnicity.