In the Long Run It Is Not Possible for a Perfectly

question 80

Multiple Choice

In the long run it is not possible for a perfectly competitive firm to

• A) alter its plant size.
• B) set the product price.
• C) adjust its output.
• D) replace its antiquated equipment.
• E) adopt new technology.

---

Definitions:

Perceptual Abilities

The capacity to interpret and make sense of sensory information from the environment, enabling organisms to perceive and navigate their surroundings effectively.

Ligaments

Tough, fibrous connective tissues that connect bones to other bones, providing joint stability.

Fibrous Bands

Connective tissue structures composed of collagen that commonly link or support organs, often involved in scarring or adhesions.

Range-of-Joint Movement

The full motion range or flexibility of a joint, from fully bent to fully extended.