In the Long Run Firms Will Expand as Long as There

question 276

Multiple Choice

In the long run firms will expand as long as there are more ________, and new firms will enter the industry as long as they earn ________.

• A) economies of scale; zero profits
• B) economies of scale; positive economic profits
• C) diseconomies of scale; zero profits
• D) diseconomies of scale; positive economic profits

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Definitions:

Medication Administration Record

A detailed report that tracks all the medications a patient has received in a healthcare setting, including dosages, times, and administration methods.

Bedside Table

A small table that is typically placed beside a bed to hold items such as medication, a lamp, or personal items for easy accessibility.

Liquid Medications

Medicinal substances in liquid form intended for oral ingestion, injection, or another form of administration.

Needleless Syringe

A medical device designed to inject substances into the body or withdraw fluids without the use of a needle, minimizing pain and risk of needle-stick injuries.