Which Size Letterhead Is Appropriate for Most Business Correspondence?
A) $\times$

question 32

Multiple Choice

Which size letterhead is appropriate for most business correspondence?

• A) 5 1/2 \(\times\) 8 1/2 inches
• B) 7 1/4 \(\times\) 10 1/2 inches
• C) 8 1/2 \(\times\) 11 inches
• D) 17 \(\times\) 22 inches

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Definitions:

Long-Run Supply Curve

As it applies to macroeconomics, a supply curve for which price, but not real output, changes when the demand curves shifts; a vertical supply curve that implies fully flexible prices.

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied changes infinitely with any change in price.

Pure Competition

A market structure characterized by a large number of buyers and sellers dealing in perfectly substitutable goods or services.

Market Entry

Refers to the process or strategy employed by an organization to start selling its products or services in a new market or industry segment.