Figure 31-2 Use the Figure to Answer the Corresponding Question(s)

question 123

Multiple Choice

Figure 31-2
Use the figure to answer the corresponding question(s) .
-Refer to Figure 31-2.Which structure contains chemoreceptors for locating food?

• A)1
• B)2
• C)3
• D)4

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Definitions:

Long-Run Equilibrium

A situation in which, over time, supply and demand balance, causing prices to stabilize and firms to neither enter nor exit an industry.

Monopolistically Competitive Industry

A market structure characterized by many producers selling differentiated products, leading to competition based on product features as well as price.

ATC

The total cost per unit of output, calculated by dividing the total cost by the amount of output produced.

Long-Run Equilibrium

A state in which all factors of production are fully adjusted to the economic conditions, leading to a situation where there is no tendency for change.