A Technological Breakthrough That Reduces the Cost of Materials in a Perfectly

question 122

Multiple Choice

A technological breakthrough that reduces the cost of materials in a perfectly competitive industry would, in the long run,

• A)lead to higher profits.
• B)raise prices.
• C)lower the output produced by each firm.
• D)increase the number of producers.
• E)decrease the number of producers.

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Definitions:

Simp

Slang for someone who is perceived to be overly subservient or attentive towards another person, often in pursuit of emotional or romantic attention.

Simp

A slang term often used derogatorily to describe someone who is overly subservient to someone else, typically in pursuit of affection.

Simp

Slang term often used to describe a person who performs excessive sympathy and attention toward another person, sometimes in pursuit of a romantic relationship.

Simp

An internet slang term originally used to describe someone who performs excessive sympathy or attention towards another person, often without reciprocation.