Assume a Decreasing-Cost Industry That Is Initially in Long-Run Competitive

question 160

Multiple Choice

Assume a decreasing-cost industry that is initially in long-run competitive equilibrium. A decrease in demand will cause a(n) __________ in prices and profits, and as a result, firms will __________ the industry, causing the market supply curve to shift __________,which, in turn, will eventually cause the equilibrium price to be __________ before.

• A)a decrease; exit; rightward; lower than
• B)an increase; enter; rightward; higher than
• C)a decrease; exit; leftward; higher than
• D)an increase; enter; rightward; the same as
• E)an increase; exit; leftward; lower than

Assess the ways in which sexual desires and relationships are influenced by cultural practices and beliefs.

Understand the significance of sexual scripts and their role in guiding human sexual behavior.

Understand the principles of calculating damages in contract law.

Comprehend the role and limitations of minors in contracts.

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Definitions:

Stock Splits

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, although the overall value of the company does not change.

Market Price

The present cost at which services or assets are offered for trade in the market.

Extra Dividend

A one-time payment made by a company to its shareholders, in addition to any regular dividends.

Liquidating Dividend

A payment made by a corporation to its shareholders during its liquidation, distributing the remaining assets.