Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A)A firm with high fixed costs tends to decrease prices more and output less in the face of declining demand than a firm with relatively low fixed costs.
• B)A firm with high fixed costs tends to decrease prices less and output more in the face of declining demand than a firm with relatively low fixed costs.
• C)A firm with high fixed costs tends to decrease prices and output more in the face of declining demand than a firm with relatively low fixed costs.
• D)A firm with high fixed costs tends to decrease prices and output less in the face of declining demand than a firm with relatively low fixed costs.

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Definitions:

Homozygosity

The state of having two identical alleles at a particular gene locus, leading to the expression of a specific trait.

Fixing Beneficial Allele

The process by which a beneficial genetic variation becomes established, or fixed, in a population, often leading to evolutionary advantages.

Starting Frequency

Refers to the initial proportion or occurrence rate of a particular genetic variant or allele within a population at the beginning of a specified period.

Excess Fitness

The additional reproductive success of individuals with a certain genotype compared to the average reproductive success in the population.