Which One of the Following Is Not True of a New

question 34

Multiple Choice

Which one of the following is not true of a new long-run equilibrium which is the result of a new technology in a perfectly competitive market?

• A)The equilibrium price falls.
• B)Industry output increases.
• C)Economic profit of each firm remaining in the industry increases.
• D)All firms in the industry use the new technology.
• E)Average total cost decreases.

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Definitions:

Left Ventricle

The lower left chamber of the heart that receives oxygenated blood from the left atrium and pumps it out under high pressure to the body through the aorta.

Left Atrium

The upper left chamber of the heart that receives oxygenated blood from the pulmonary veins and pumps it into the left ventricle.

QRS Segment

Part of an electrocardiogram (ECG) representing the depolarization of the heart's ventricles, which precedes the contraction of the ventricles.

ECG

An electrocardiogram, a test that measures the electrical activity of the heart to detect heart abnormalities.