An Increase in Fixed Cost Will, in the Long Run

question 27

Multiple Choice

An increase in fixed cost will, in the long run, alter the industry output of

• A)both a monopolist and a competitive industry.
• B)only a monopolist.
• C)only a competitive industry.
• D)neither a monopolist nor a competitive industry.

---

Definitions:

American Power

The influence and capability of the United States on a global scale, including military, economic, and cultural dimensions.

Eugenics

A controversial and discredited social philosophy advocating for the improvement of human genetic traits through selective breeding and other means, historically leading to unethical practices.

Anti-immigration

Opposition to immigration, often based on fears of economic competition, cultural difference, or security concerns, leading to policies or attitudes that restrict or discourage people from moving to a new country.

Race Betterment Foundation

An early 20th-century American eugenics-based organization aiming to promote racial purity and health through selective breeding and other means.