Figure 5-1 in Figure 5-1, S₁ and D Illustrate

question 72

Multiple Choice

Figure 5-1 In Figure 5-1, S₁ and D illustrate the demand and supply for a product if it were produced in a normal competitive market. Which of the following would be true if the firms in the industry were instead able to get government licensing restrictions to limit competition in the market?

• A) The restricted market supply would be S₃, resulting in a lower price and a higher than efficient level of output.
• B) The restricted market supply would be S₃, resulting in a higher price and a less than efficient level of output.
• C) The restricted market supply would be S₂, resulting in a lower price and a higher than efficient level of output.
• D) The restricted market supply would be S₂, resulting in a higher price and a less than efficient level of output.

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Definitions:

Lnc RNAs

Long non-coding RNAs, a type of RNA which does not code for protein but plays various roles in regulating gene expression at the chromatin level.

PolyA Tail

A stretch of adenine nucleotides attached to the 3' end of eukaryotic mRNA molecules, aiding in their stability and translation.

Introns

Regions of an RNA transcript, or its DNA template, which are removed before the RNA is translated into a protein, and do not code for protein.

Transcription

The process by which the information in a strand of DNA is copied into a new molecule of messenger RNA.