If Price Is Greater Than Minimum Average Total Cost in a Competitive

question 64

True/False

If price is greater than minimum average total cost in a competitive industry, entry occurs.

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Definitions:

Right to Privacy

A legal principle that protects individuals against unwarranted invasions of their personal life and information by the government, organizations, or other people.

Sexual Behavior

Actions or practices related to the expression of sexuality or sexual activity.

Due Process Clause

A constitutional guarantee under the 5th and 14th Amendments that ensures fair treatment through the normal judicial system, especially as a citizen's entitlement.

Fifth Amendment

An amendment to the U.S. Constitution that provides protection against self-incrimination, ensures due process of law, and other legal protections.