An Increase in Market Price Is Likely to Result in More

question 19

True/False

An increase in market price is likely to result in more firm entry in the long run.

---

Definitions:

Pragmatism

A philosophical tradition centered on the practical application of ideas and the value of actions based on their outcomes or usefulness in addressing problems.

Employer-Employee Relations

The dynamic and interaction between employers and employees, often concerning communication, conflict resolution, and contractual agreements.

American Federation Of Labor

A federation of trade unions founded in 1881, composed mostly of skilled, white, native-born workers; its long-term president was Samuel Gompers.