An Industry with a Positive-Sloping Long-Run Supply Curve Is Called

question 324

Multiple Choice

An industry with a positive-sloping long-run supply curve is called a(n) ________ industry.

• A) constant-cost
• B) decreasing-cost
• C) increasing-cost
• D) decreasing-profit

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Definitions:

Stock Price

The cost of purchasing a single share of a company's stock.

In The Money

refers to a financial term describing an option that has intrinsic value, meaning for a call option, the market price is above the strike price, and for a put option, the market price is below the strike price.

Put Option

A financial contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a certain time frame.

Option Holder

An individual or entity that has the rights, but not the obligation, to buy or sell an asset at a predetermined price before or at the expiration of a contract.