Why Will the Long-Run Market Supply Curve for Most Products

question 71

Multiple Choice

Why will the long-run market supply curve for most products slope upward to the right?

• A) The firms producing the product will be unable to expand the size of their plant and equipment in the long run.
• B) Economies of scale are present in most industries.
• C) Most products are produced under conditions of constant cost.
• D) Resource prices will rise and push costs upward as the output of the industry expands.

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A law enforcement official responsible for supervising offenders who are under probation instead of serving time in prison.

Law Enforcement Personnel

Individuals who are responsible for maintaining public order, safety, and enforcing the law.

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The legal practice of conducting searches on individuals on probation as part of their supervision process, often without a warrant.

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A system of criminal justice that focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.