For Each of the Following Sentences, Select the Verb in the Second

question 10

Multiple Choice

For each of the following sentences, select the verb in the second half of the sentence that is consistent with the first verb. Ralph was elected to the Senate after he (campaigns, campaigned) on an ecology platform.

• A) campaigns
• B) campaigned

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Definitions:

Long Run

An economic term referring to a period in which all factors of production and costs are variable, allowing for full adjustment to changes in the market.

Price-taking

A market condition in which individual buyers or sellers have no influence over the market price of a product, commonly seen in perfectly competitive markets.

Perfectly Competitive Industry

A market structure characterized by many sellers offering identical products, where no single seller can influence the market price.

Marginal Cost

The additional expense incurred from producing one more unit of a good or service.