What Happens in a Decreasing-Cost Industry When Some Firms Leave

question 97

Multiple Choice

What happens in a decreasing-cost industry when some firms leave and the industry's output contracts?

• A)The average cost will increase.
• B)The average cost will decrease.
• C)The total cost will decrease.
• D)The product price will decrease.

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A position of authority or service in the government, elected or appointed, which involves fulfilling certain duties to the public.

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The recognized and intended consequences of any social pattern, contributing to societal equilibrium.

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The art and science of enhancing the interior of a building to achieve a healthier and more aesthetically pleasing environment for its occupants.