Which of the Following Is NOT a Characteristic of an Increasing

question 82

Multiple Choice

Which of the following is NOT a characteristic of an increasing cost competitive industry? As the industry expands output in the long run,

• A)the equilibrium price of product remains constant in the long run.
• B)the prices of some inputs rise.
• C)the long-run average cost of production increases at every level of output.
• D)the number of firms increase.
• E)none of the above

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Definitions:

Daughter

A female offspring in relation to her parents.

Anticipatory Repudiation

A declaration by one party to a contract that it intends to breach the contract before performance is due, allowing the other party to seek remedies.

Contracting Party

One of the entities involved in a legal agreement or contract, who agrees to fulfill certain obligations.

Performance

The execution, fulfillment, or accomplishment of terms as specified in a contract or agreement.