If All Existing Firms and All Potential Firms Have the Same

question 463

Multiple Choice

If all existing firms and all potential firms have the same cost curves, there are no inputs in limited quantities, and the market is characterized by free entry and exit, then the long-run market supply curve

• A)is horizontal and equal to the minimum of long-run marginal cost for each firm.
• B)must slope downward.
• C)must slope upward.
• D)is horizontal and equal to the minimum of long-run average cost for each firm.

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Definitions:

Epithelium And Connective

These terms refer to two types of tissues; epithelium is a layer of cells covering the body surfaces or lining cavities, while connective tissue supports, binds, or separates other tissues and organs.

Connective And Muscle

This is not a single key term but refers to both connective tissue, which supports and binds other tissues, and muscle tissue, which is responsible for movement. NO.

Cutaneous

Pertaining to the skin, or relating to the skin as the body's largest organ.

Articular Cartilage

The smooth, white tissue that covers the ends of bones where they come together to form joints, helping in smooth movement and cushioning.