Long-Run Market Supply Curves Are Upward Sloping If

question 122

Multiple Choice

Long-run market supply curves are upward sloping if

• A) firms are identical.
• B) the number of firms is restricted in the long run.
• C) input prices fall as the industry expands.
• D) All of the above.

---

Definitions:

Organization

A structured group of people working together to achieve common goals or objectives through a division of labor and a hierarchy of authority.

Different Values

Varied beliefs or principles that individuals or groups consider important, influencing their actions and decisions.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Employee Ambassadors

Employees who represent and promote their company's brand, values, and mission both inside and outside the organization.