Which Statement Is Correct? the Long-Run Supply Curve for a Purely

question 28

Multiple Choice

Which statement is correct? The long-run supply curve for a purely competitive

• A)decreasing-cost industry will be upward-sloping.
• B)increasing-cost industry will be perfectly elastic.
• C)increasing-cost industry will be upward-sloping.
• D)increasing-cost industry will be less elastic than the short-run supply curve.

---

Definitions:

Precontemplation Stage

A stage in behavior change models describing individuals not yet acknowledging a need for change.

Social Liberation

The process of achieving greater freedom or rights for a group within society, often related to overcoming oppression or discrimination.

Relapse

A return to substance use or problematic behavior after a period of abstinence or improvement.

Relapse Prevention

A cognitive-behavioral strategy aimed at teaching individuals who are recovering from addictive behaviors how to anticipate and cope with the potential for relapse.