A Decreasing-Cost Industry Will Have

question 260

Multiple Choice

A decreasing-cost industry will have

• A) a perfectly elastic long-run supply curve.
• B) a perfectly inelastic long-run supply curve.
• C) an upward sloping demand curve in the long run.
• D) a downward sloping supply curve in the long run.

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Definitions:

Employee Stability

The extent to which an organization retains its workforce, minimizing turnover and fostering a stable work environment.

Training And Development

Programs and activities aimed at improving the knowledge, skills, and competencies of employees to enhance their performance and career growth.

Hybrid

A combination of two or more different things, aimed at achieving a particular objective or enhancing functionality, such as hybrid vehicles or hybrid work models.

Compensation Policy

Guidelines or principles that direct how an organization assigns monetary and non-monetary rewards to its employees.