Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?

• A) The number of firms in the industry is fixed in the short run, but the number can change in the long run.
• B) Free entry and exit of firms is possible in the short run, but the entry and exit of firms is restricted in the long run.
• C) The short-run average cost curves lies below the long-run average cost curves in both the short run and the long run.
• D) A firm can vary all its factors of production in both the short run and the long run.

Comprehend the processes and limitations of issuing corporate shares.

Grasp how the market value of a corporation's stock is determined and influenced.

Recognize the purpose and types of corporations (profit vs non-profit).

Understand the conditions and forms under which stock can be issued.

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Definitions:

Kantian Ethics

A deontological ethical theory developed by Immanuel Kant, emphasizing duty, morality, and the categorical imperative as foundational principles.

Autonomy

Autonomy is the capability or right of individuals to make their own choices and govern themselves, fundamental in ethics, law, and personal development.

Morally Acceptable

Morally acceptable describes actions or decisions that are consistent with ethical norms or standards of a society, deemed appropriate or right according to moral principles.

Undesirable Genes

Genetic traits viewed as negative or harmful, often within the context of genetic engineering or selection.