If a Change in Fixed Cost in the Long Run

question 176

Multiple Choice

If a change in fixed cost in the long run raises average total cost above the demand curve:

• A) price and output will remain unchanged.
• B) more monopolies will enter.
• C) the monopoly will go out of business.
• D) none of the above is true.

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Definitions:

Appeal To Ignorance Fallacy

The appeal to ignorance fallacy is a logical fallacy where it is assumed that a claim is true because it has not been proven false, or vice versa.

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Environmentally Friendly Technology

Technologies designed to minimize negative impacts on the environment, promoting sustainable practices and reducing pollution.

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