FIGURE 3-2 Refer to Figure 3-2

question 82

Multiple Choice

FIGURE 3-2 Refer to Figure 3-2.The movement along the supply curve,S,from point a to point c,could be caused by

• A)a decrease in the price of energy-efficient light bulbs.
• B)a decrease in the price of glass,a major input in the production of energy-efficient light bulbs.
• C)an increase in the number of suppliers of energy-efficient light bulbs.
• D)an increase in the price of energy-efficient light bulbs.
• E)a decrease in the price of ordinary light bulbs.

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Definitions:

Diseconomies of Scale

The phenomenon where, beyond a certain point, the cost per unit increases as the scale of operations expands.

Firm Size

A measure of a company's scale or magnitude, often estimated by metrics like sales, assets, or the number of employees.

Acquisition

It refers to the process or action by which one company takes over another company, either through purchase of its shares or assets.