A Decreasing-Cost Industry Is One in Which

question 176

Multiple Choice

A decreasing-cost industry is one in which

• A)contraction of the industry will decrease unit costs.
• B)input prices fall or technology improves as the industry expands.
• C)the long-run supply curve is perfectly elastic.
• D)the long-run supply curve is upsloping.

---

Definitions:

Dynamic Team Phenomenon

The evolving and changing characteristics of a team due to interpersonal relationships, task progression, and environmental factors.

Shared Leadership

An emergent and dynamic team phenomenon whereby leadership roles and influence are distributed among team members.

Initiate Changes

The act of beginning or introducing alterations or modifications in processes, practices, or structures.

Viable Future

A Viable Future pertains to a state or condition that is capable of working successfully and sustainably over the long term.