In the Long Run, When Price Is Greater Than Average

question 52

True/False

In the long run, when price is greater than average total cost, some firms in a competitive market will choose to enter the market.

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Definitions:

Quotation

A direct citation from a text or speech, often indicated by quotation marks and used to substantiate a point or provide evidence.

Climate Change

A change in global or regional climate patterns, attributable largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels.

Direct Request Pattern

A communication technique where the speaker plainly states their request or need at the beginning.

Emotional Appeal

A persuasive technique that targets the emotions of the audience to elicit a desired response or action.