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.

---

Definitions:

Hypothalamus

A region of the brain that controls many bodily functions, including hunger, thirst, body temperature, and emotional activity.

Medulla

A part of the brainstem essential for controlling involuntary functions like breathing and heart rate.

Endocrine System

A network of glands in the body that secretes hormones directly into the circulatory system to regulate various bodily functions.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, including the brain, spinal cord, and peripheral nerves.