Which of the Following Statements Is True

question 125

Multiple Choice

Which of the following statements is true?

• A)A long-run competitive equilibrium can only be achieved in constant-cost industries.
• B)When an industry achieves a long-run competitive equilibrium, industry output will not change in the future.
• C)A long-run competitive equilibrium outcome is not economically efficient.
• D)When an industry reaches a long-run competitive equilibrium, the typical firm in the industry breaks even.

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Definitions:

Erectile Problems

Issues related to achieving or maintaining an erection sufficient for satisfactory sexual performance.

Impotence

A term often used to describe erectile dysfunction, which is the inability to achieve or maintain an erection suitable for sexual intercourse.

Erectile Disorder

A dysfunction characterized by difficulties with obtaining an erection during sexual activity, maintaining an erection until the completion of sexual activity, and/or a marked decrease in erectile rigidity in about 75 to 100 percent of sexual occasions over a period of at least six months, leading to distress.

Sexual Dysfunctions

A variety of disorders classified by difficulties experienced during any stage of a normal sexual activity, including desire, arousal, or orgasm.