The Hellenistic States in the Centuries After Alexander the Great

question 56

Multiple Choice

The Hellenistic states in the centuries after Alexander the Great

• A)became despotic monarchies.
• B)rarely fought amongst themselves.
• C)included large numbers of non-Greeks in leadership positions.
• D)showed little innovation in their armies and military institutions.
• E)all disappeared by the second century B.C.E.

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Definitions:

Market Supply

The total amount of a product that sellers are willing and able to sell across all relevant price levels within a given market.

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust fully to market changes.

Long-run Equilibrium

The condition in which, considering full adjustments in the market, the quantity supplied equals the quantity demanded at the prevailing market price.

Perfectly Competitive

A market structure characterized by many small firms, identical products, free entry and exit, and full information, leading to firms being price takers.