Based on Everything You Have Learned About the Formation of Our

question 85

Multiple Choice

Based on everything you have learned about the formation of our solar system, which of the following statements is probably not true?

• A) Only a tiny percentage of stars are surrounded by spinning disks of gas during their formation.
• B) A star system's planets generally tend to orbit their star in the same direction and approximately the same plane.
• C) Other solar systems will also have planets in the two basic categories of terrestrial and jovian.
• D) Other planetary systems will have far more numerous asteroids and comets than actual planets.

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Definitions:

Perfectly Competitive Industry

An industry characterized by many buyers and sellers, where no single entity can influence the market price of the product.

Marginal Cost

The price of manufacturing an incremental unit of a product.

Perfectly Competitive Market

A market structure characterized by an infinite number of buyers and sellers, identical products, no barriers to entry or exit, and perfect information among all participants.

Short-run Industry

A period in which at least one factor of production is fixed, and firms can only partially adjust their production levels.