Table 14-5 A Firm in a Competitive Market Has the Following Cost

question 13

Multiple Choice

Table 14-5
A firm in a competitive market has the following cost structure:

-Refer to Table 14-5.If the market price is $4,what will this firm do

• A)It will shut down in the short run and exit in the long run.
• B)It will produce 2 units in the short run and exit in the long run.
• C)It will produce 3 units in the short run and exit in the long run.
• D)It will produce 4 units in the short run and exit in the long run.

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Definitions:

Okazaki Fragments

Short DNA sequences synthesized on the lagging strand during DNA replication, later joined to form a continuous strand.

Leading Strand

The DNA strand that is synthesized continuously during DNA replication, guided by the replication fork movement.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms.

Leading Strand

The strand of DNA which is synthesized continuously during DNA replication.