In the Long Run in a Competitive Market

question 28

Multiple Choice

In the long run in a competitive market,

• A)existing firms can increase their plant size,and new firms can enter the market
• B)existing firms can increase their plant size,but the number of firms is the market is fixed
• C)new firms can enter the market,but existing firms cannot vary their plant size
• D)new firms can enter the market,but only if existing firms decrease their plant size in the short run
• E)existing firms can increase their plant size,only if some other firms exit

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Definitions:

Posey Restraint

A brand-named device used to limit patient movements to ensure their safety and prevent harm to others.

Tactile Stimulation

The use of touch or physical contact to promote cognitive, emotional, and physical responses beneficial for health and development.

Tactile Sensation

The sense of touch, which allows an individual to perceive texture, temperature, and pain, facilitating interaction with the environment.

Rubber Soles

The bottom part of a shoe or boot made from rubber material, designed to provide traction and durability.