Suppose That an Industry's Long-Run Supply Curve Is Downsloping

question 8

Multiple Choice

Suppose that an industry's long-run supply curve is downsloping.This suggests that

• A)it is an increasing-cost industry.
• B)relevant inputs have become more expensive as the industry has expanded.
• C)technology has become less efficient as a result of the industry's expansion.
• D)it is a decreasing-cost industry.

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Definitions:

Excessive Sexuality

An unusually high interest in or engagement in sexual activities, which may interfere with daily functioning or social relationships.

Paraphilic Behavior

Sexual interests, fantasies, or behaviors involving unusual objects, activities, or situations that may cause distress or impairment in functioning.

Psychiatric Term

A phrase or word used specifically in the field of psychiatry to describe, diagnose, or treat mental health conditions.

Bestialists

People who have sexual contact with animals but are not concerned with the animals’ welfare.