In the Long Run, Total Fixed Cost

question 203

Multiple Choice

In the long run, total fixed cost:

• A) falls.
• B) rises.
• C) is constant.
• D) does not exist.

---

Definitions:

Reference Group

A group with which an individual strongly identifies.

Majority Opinion

The view or standpoint held by the greater number of individuals within a group or society, often influencing social norms and individual behavior.

Minority Opinion

A viewpoint or perspective that is held by a smaller segment of the population, often differing from the majority view.

Automatic Process

Cognitive operations that occur without conscious awareness or effort, often enabling quick responses and multitasking.