Unbalanced Systems Are Evidenced By

question 147

Multiple Choice

Unbalanced systems are evidenced by:

• A)top-heavy operations.
• B)labor unrest.
• C)bottleneck operations.
• D)increasing capacities.
• E)assembly lines.

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Definitions:

Raises Prices

Refers to the action or factor that causes the price of goods or services to increase.

Profit-Maximizing

A strategy or objective of firms to adjust their production and pricing to achieve the highest possible profit.

Long-Run Demand Curve

Illustrates how the quantity of a good demanded changes over time as all economic factors, including production technologies and preferences, can adjust.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some differentiation and price control.