Fill in the Blanks to Complete the Following Statements

question 82

Essay

Fill in the blanks to complete the following statements.
"Assume a perfectly competitive market is initially in long-run equilibrium.In the short run,a decrease in raw materials prices will cause the firm's average costs to ________.As a result,the profits of existing firms will ________.However,over the long run,this will cause the number of firms in the market to ________,and market price will ________ until firms once again earn a ________."

---

Definitions:

Structural MRI

A type of magnetic resonance imaging that provides detailed images of the brain's anatomical structure.

Brain Activity

The electrical and chemical processes occurring within the brain that enable thinking, feeling, and functioning.

Functional MRI

A neuroimaging procedure that measures brain activity by detecting changes associated with blood flow, used to observe the functioning of the brain.

EEG

Electroencephalogram, a test that detects electrical activity in your brain using small, flat metal discs (electrodes) attached to the scalp.