Which of the Following Is Least Likely to Occur During

question 103

Multiple Choice

Which of the following is least likely to occur during the long run in a perfectly competitive market experiencing economic profits?

• A)A rightward shift in the market supply curve.
• B)An increase in the market quantity demanded.
• C)An increase in marginal revenue.

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Definitions:

Meals-On-Wheels

A program designed to deliver prepared meals to individuals at home who are unable to purchase or prepare their own meals.

Elderly Service

Services designed to assist older adults in various aspects of their life, including healthcare, daily activities, and social engagement.

Educational Process

The systematic approach to learning and teaching, aimed at the acquisition of knowledge, skills, attitudes, and values.

Understood

Perceived or comprehended the meaning, significance, or nature of something.