Technician a Says That in the 3 Cs, "Correction" Stands

question 4

Multiple Choice

Technician A says that in the 3 Cs, "correction" stands for the procedure and parts that will be used to fix the problem. Technician B says that in the 3 Cs, "cause" stands for the actual fault that is causing the concern. Who is correct?

• A) Technician A
• B) Technician B
• C) Both Technician A and Technician B
• D) Neither Technician A nor Technician B

---

Definitions:

Purely Competitive

Describes a market structure where many firms sell identical products, and no single firm can influence the market price.

Negative Economic Profits

A situation where a firm's total revenue is less than its total costs, including both explicit and implicit costs.

Corn Market

The global or local marketplace where corn is traded as a commodity between buyers and sellers.

Increasing-Cost Industry

An industry in which expansion through the entry of new firms raises the prices firms in the industry must pay for resources and therefore increases their production costs.