If the Technology Associated with Producing Fibre-Optic Cable Continues to Advance

question 52

Multiple Choice

If the technology associated with producing fibre-optic cable continues to advance, over time the cost of producing fibre-optic cable will

• A) increase, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry.
• B) decrease, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry.
• C) increase, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market.
• D) decrease, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market.
• E) decrease, firms that do not use the new technology will make an economic profit, and in the long run new firms will enter the market.

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Definitions:

Lysosome

An organelle containing enzymes for digesting cellular waste, pathogens, and damaged organelles within cells to maintain cellular health.

Synthesizing ATP

The biochemical process of creating adenosine triphosphate, essential for energy transfer within cells.

Mitochondrion

A membrane-bound organelle found in most eukaryotic cells, responsible for producing energy through cellular respiration.

Sister Chromatids

Identical copies of a single chromosome that are connected by a centromere, formed during the cell cycle's DNA replication phase.