Which of the Following Statements Is False

question 134

Multiple Choice

Which of the following statements is false?

• A)The long-run equilibrium model takes into account the entry and exit of firms.
• B)The long-run equilibrium model is an attempt to explain the behavior of industries.
• C)Firms enter an industry when economic profits are positive.
• D)The long-run equilibrium model can be applied only to U.S.industries.
• E)Firms exit an industry in the long run when economic profits are negative.

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Definitions:

Reflex Hammer

A medical tool used by healthcare professionals to test deep tendon reflexes to check for abnormalities of the nervous system.

Neurological System

The part of an organism that coordinates its actions by transmitting signals to and from different parts of its body, encompassing the brain and spinal cord.

Tendons

Tough, fibrous connective tissues that connect muscles to bones, enabling movement.

Digital Examination

Part of a physical examination in which the physician inserts one or two fingers of one hand into the opening of a body canal such as the vagina or the rectum; used to palpate canal and related structures.