Firms Are Making Profits in an Increasing-Cost Industry

question 178

Multiple Choice

Firms are making profits in an increasing-cost industry. Which of the following statements describes what will happen in the long run?

• A) More firms will enter this industry, causing the industry supply schedule to shift to the right and the LRAC curve facing firms to shift down.
• B) More firms will enter this industry, causing the industry supply schedule to shift to the right and the LRAC curve facing firms to shift up.
• C) Firms will exit this industry, causing the industry supply schedule to shift to the right and the LRAC curve to shift down.
• D) Firms will exit this industry, causing the industry supply schedule to shift to the left and the LRAC curve to shift down.

Grasp the key features of mood disorders and their cognitive and biological underpinnings.

Acknowledge the importance of neurotransmitters in mood disorders.

Understand the concept of learned helplessness in the context of depression and mood disorders.

Understand the concept of social cognition and its impact on behavior.

---

Definitions:

Obedience Experiment

The Obedience Experiment refers to a study conducted by Stanley Milgram, examining the willingness of individuals to obey authority figures, even when actions required were conflicting with personal conscience.

Situational Attribution

The process of ascribing an individual's behavior to external or situational factors, rather than internal characteristics.

Dispositional Attribution

The tendency to attribute someone's behavior to their personality or inherent characteristics rather than to the situation they are in.

Altruism

The selfless concern for the well-being of others.