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.

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Definitions:

Scapula

A flat, triangular bone located in the upper back, known as the shoulder blade, which connects the humerus (arm bone) with the clavicle (collarbone).

Tendons

Tough, fibrous connective tissues that attach muscles to bones, facilitating movement.

Ligaments

Strong, flexible fibrous connective tissue that connects bones to other bones, providing joint stability.

Sarcomere

One of many units, arranged linearly within a myofibril, whose contraction produces muscle contraction.