Use the Figure Below to Answer the Following Questions

question 25

Multiple Choice

Use the figure below to answer the following questions.

Figure 12.4.3
-Refer to Figure 12.4.3, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run,

• A)firms that remain in the market will expand production.
• B)market demand will increase.
• C)firms will adopt labour-saving technology.
• D)industry output will remain constant.
• E)firms will enter the market.

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Definitions:

Not Criminally Responsible

A legal defense asserting that a person was suffering from a significant mental disorder at the time of committing an act, rendering them incapable of understanding the nature or wrongness of the act.

Mental Disorder

A condition that affects a person's thinking, feeling, behavior, or mood, significantly interfering with daily life.

Stress-Vulnerability Model

A theory suggesting that the development of psychiatric disorders results from the interaction between environmental stressors and an individual's biological vulnerability.

Schizophrenic Disorders

A group of severe mental disorders characterized by disordered thoughts, delusions, hallucinations, and often a split between emotional and cognitive functions.