In Some Industries, Like Insurance, Both Small and Very Large

question 63

Multiple Choice

In some industries, like insurance, both small and very large firms coexist and compete quite effectively in the market. This indicates that the long-run average total cost curve in these industries

• A) is "U" shaped.
• B) is downward sloping over all levels of output.
• C) exhibits constant returns to scale over a wide range of output.
• D) exhibits diseconomies of scale beginning at a low rate of output.

Comprehend the effects of socio-economic changes on prostitution.

Grasp the legal definitions and significance of workplace sexual harassment.

Analyze and articulate personal and societal positions on pornography.

Understand the motivations behind seeking prostitution.