If Competitive Industry Z Is Making Substantial Economic Profit, Output

question 28

Multiple Choice

If competitive industry Z is making substantial economic profit, output will

• A) fall in industry Z and firms will likely leave the market.
• B) fall in all industries except industry Z.
• C) expand in industry Z, as more resources will move to that industry.
• D) expand in industry Z, but no new firms will enter the market.

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Definitions:

Cell-Mediated

Direct cellular response to antigens.

Immature Cells

Cells that are in the early stages of development and have not yet reached their final form or function within the body.

Phagocytosis

A cellular process in which cells engulf and digest particles or other cells, typically as a defense mechanism.

Monocytes

A type of white blood cell that plays a significant role in the immune system by fighting off pathogens and removing dead or damaged cells.