Which of the Following Statements Is (Are) TRUE

question 110

Multiple Choice

Which of the following statements is (are) TRUE?
I. As market prices increase, industry output rises because individual firms have upward-sloping marginal cost curves.
II. As market prices increase, industry output rises because high-cost producers enter the industry.
III. As market prices increase, industry output rises because individual firms have upward-sloping short-run supply curves.

• A) I, II, and III
• B) II and III
• C) III
• D) II

---

Definitions:

Hippocampus

A major component of the brain in humans and other vertebrates, playing critical roles in the consolidation of information from short-term memory to long-term memory and spatial navigation.

Electroconvulsive Therapy

A therapy method for mental illnesses that involves inducing seizures through electric stimulation to help improve patient conditions.

Anterograde Amnesia

A form of memory loss where the ability to form new memories after the event that caused the amnesia is impaired, while long-term memories from before the event remain intact.

Retrograde Amnesia

A memory disorder where an individual is unable to recall information that was acquired before a specific point in time, typically due to trauma or brain injury.