Refer to the Graph Shown of Average Costs for a Typical

question 228

Multiple Choice

Refer to the graph shown of average costs for a typical firm. If this industry consisted of one firm producing 1,000 units and one firm producing 500 units:

• A)the larger firm probably would be forced out through price competition.
• B)the larger firm would earn higher profit than the smaller firm, but they could both survive indefinitely.
• C)the smaller firm probably would be forced out through price competition.
• D)there is no way to predict which firm would have a competitive advantage.

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Definitions:

Cytokines

Chemicals secreted by T lymphocytes in response to an antigen. Cytokines increase T- and B-cell production, kill cells that have antigens, and stimulate red bone marrow to produce more white blood cells.

Major Histocompatibility Complex

A group of genes that play a critical role in the immune system's recognition of foreign molecules.

Activates T Cells

The process involved in stimulating T lymphocytes, a type of white blood cell, to respond to pathogens or infected cells.

Unique

Being the only one of its kind; unlike anything else.