Which of the Following Is Inconsistent with Long-Run Industry Equilibrium

question 15

Multiple Choice

Which of the following is inconsistent with long-run industry equilibrium?

• A)upward-sloping marginal cost curves for all of the firms in the industry
• B)zero economic profits
• C)P = minimum ATC
• D)SRATC = LRATC
• E)none of the above

---

Definitions:

Associational Unionism

A form of unionism where membership is based on shared interests and advocacy rather than formal employment relationships.

Bureaucratic Power

The authority and influence wielded by individuals or groups within an organizational or governmental bureaucracy to shape decisions and policy.

Associational Unionism

A form of labor organization where workers join together in associations or unions to negotiate collectively with employers, often emphasizing broader social and political objectives.

Multilateral Negotiations

Multilateral negotiations involve discussions and bargaining between more than two parties, typically countries or organizations, to reach agreements on complex issues.