Which of the Following Statements About Pure Competition in the Long

question 84

Multiple Choice

Which of the following statements about pure competition in the long run is not true?

• A)Entry and exit of firms will push economic profits of firms in the industry toward zero.
• B)Entry and exit of firms will shift the demand curve facing the representative firm in the industry.
• C)The long-run adjustment in pure competition happens through shifts in the industry supply curve.
• D)The long-run adjustment in pure competition happens through shifts in the industry demand curve.

---

Definitions:

Public Assistance Programs

Government programs designed to provide financial aid, food, medical care, and other forms of support to people in need.

Infertility

The inability to conceive a child after one year of regular, unprotected intercourse or the inability to carry a pregnancy to live birth.

Unprotected Sexual Intercourse

Sexual activity without the use of barrier methods like condoms, increasing the risk of STDs and unplanned pregnancies.

Well-timed Sexual Intercourse

Sexual activity orchestrated to align with fertility windows, often aimed at increasing the likelihood of conception.