If the Typical Firm in an Industry Is Experiencing Economies

question 49

Multiple Choice

If the typical firm in an industry is experiencing economies of scale,

• A)short-run equilibrium cannot exist.
• B)some firms exit the industry.
• C)industry expansion occurs.
• D)long-run equilibrium is achieved.
• E)firms need to divest and become smaller.

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Definitions:

Triggering Events

Incidents or situations that initiate a process, action, or series of events, often leading to a significant change or response.

Suspended

Temporarily halted or stopped from a specific action, status, or privilege, often as a disciplinary measure.

Violence Continuum

The violence continuum describes the range or spectrum of behaviors that constitute violence, from verbal abuse to physical assault, indicating the progression of aggressive actions.

Rage

Intense, uncontrolled anger that can manifest in violent behavior or emotional outbursts.