The Following Question(s) Refer(s) to the Figure Below, Which Depicts

question 122

Multiple Choice

The following question(s) refer(s) to the figure below, which depicts the demand, marginal revenue, and cost curves facing a firm in a competitive price-searcher industry.
Figure 10-14

Refer to Figure 10-14. In the long run, we would expect

• A) more firms to enter this industry until zero economic profits are restored.
• B) firms to exit this industry until zero economic profits are restored.
• C) the number of firms to remain constant and existing firms will continue to suffer economic losses in the long run.
• D) the number of firms to remain constant and existing firms will continue to earn economic profits in the long run.

---

Definitions:

Urosepsis

A severe infection that originates from the urinary tract and spreads to the bloodstream, posing a serious health threat.

Apical Pulse

The pulse felt at the apex of the heart or the point of maximum impulse, an indicator of the actual heartbeat rate.

Hypothermia

A medical condition characterized by a drop in body temperature below the normal range, requiring prompt medical intervention.

Narcotic Medication

Drugs that relieve pain, induce sleep, and can alter mood or behaviour, often with the potential for addiction and abuse.