Figure 9-11 -Refer to Figure 9-11.Suppose the Prevailing Price Is $20 and Price

question 80

Multiple Choice

Figure 9-11

-Refer to Figure 9-11.Suppose the prevailing price is $20 and the firm is currently producing 1,350 units.In the long-run equilibrium

• A) there will be fewer firms in the industry and total industry output decreases.
• B) there will be more firms in the industry and total industry output increases.
• C) there will be fewer firms in the industry but total industry output increases.
• D) there will be more firms in the industry and total industry output remains constant.

---

Definitions:

Independent-assertive

Describes a personality style characterized by self-reliance and assertiveness in expressing one's opinions and needs.

Active-engaged

Being involved, committed, and energetically participating in a task or activity.

Kellerman's Typology

A framework developed by leadership scholar Barbara Kellerman, categorizing followers in an organization based on their level of engagement, from passive to active roles.

Conservation

The protection, preservation, and mindful utilization of natural resources and environments to ensure their sustainability for future generations.