If Firms in a Competitive Market Are NOT Identical, Then

question 80

Multiple Choice

If firms in a competitive market are NOT identical, then an increase in cost will

• A)shift marginal cost to the right.
• B)push the most inefficient firms out of the market.
• C)push the most efficient firms out of the market.
• D)Need more information.

---

Definitions:

Cortical Blindness

A condition where a person has lost their ability to see due to damage to the visual area in the brain's cortex, despite having healthy eyes.

Occipital Lobe

The region of the brain located at the back of the head, responsible for visual processing.

Parietal Lobe

The region of the brain that processes sensory information such as touch, temperature, and pain, and is involved in spatial orientation and manipulation.

Temperature

A physical quantity expressing the subjective perceptions of hot and cold, measured with a thermometer.