Technological Improvements Cause

question 62

Multiple Choice

Technological improvements cause

• A)New firms to enter but existing firms to continue producing their old output levels.
• B)Some firms to exit but the remaining firms to produce more output.
• C)Existing firms to produce more output.
• D)Existing firms to continue producing their old output levels but to lower the price of the products.

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Definitions:

Self-Monitoring

The process of paying close attention to one's own behavior and using these observations to shape and control one's actions.

Narcissism

A personality characteristic involving grandiosity, an excessive need for admiration, and a lack of empathy for others.

Longitudinal

A type of research study or analysis in which data is collected from the same subjects repeatedly over a period of time to observe changes or developments.

Cross-Sectional

A research design that involves analyzing data from a population, or a representative subset, at one specific point in time.