The Reason Why the Long-Run Supply Curve for a Purely

question 5

True/False

The reason why the long-run supply curve for a purely competitive industry may be upward-sloping is because of diminishing marginal returns.

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Definitions:

Sperm

The male gametes.

Pregnancy

The condition of having a developing embryo or fetus in the uterus, marked by various physical and hormonal changes in the body.

Menstrual Cycle

The more-or-less monthly process during which the uterus is readied for implantation of a fertilized ovum. Also known as uterine cycle.

Ovulation

The release of an oocyte from the ovary during the ovarian cycle.