In the Long Run, Firms in Many Industries Often Experience

question 6

Multiple Choice

In the long run, firms in many industries often experience a falling average total cost curve as a result of:

• A) gains through trade.
• B) increasing marginal returns.
• C) economies of scale.
• D) lower fixed costs.

---

Definitions:

Brain Region

A brain region is a distinct area of the brain identified by its structure, function, or both, which contributes to specific neurological or psychological functions.

Arousal

A physiological and psychological state of being awake or reactive to stimuli.

Psychotherapy Outcome Studies

Research investigations that measure the effectiveness of psychotherapy interventions in improving patients' mental health conditions.

Efficacy

The ability to produce a desired or intended result, often used in the context of effectiveness of a treatment or intervention.