Which of the Following Statements Is True

question 125

Multiple Choice

Which of the following statements is true?

• A)A long-run competitive equilibrium can only be achieved in constant-cost industries.
• B)When an industry achieves a long-run competitive equilibrium, industry output will not change in the future.
• C)A long-run competitive equilibrium outcome is not economically efficient.
• D)When an industry reaches a long-run competitive equilibrium, the typical firm in the industry breaks even.

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Definitions:

Women's Rights

The rights and entitlements claimed for women and girls worldwide, aimed at establishing equality with men.

Abortion

The expulsion of the conceptus, either spontaneously or by induction.

Forced Sterilization

A coercive measure whereby individuals are sterilized without their informed consent or under circumstances where consent is given under pressure or duress.

Sexual Rights

Rights related to sexuality, including the right to sexual education, the right to control one's own body, and the right to consensual sexual relations.