If the Firms in a Market Have Constant Returns to Scale

question 2

Multiple Choice

If the firms in a market have constant returns to scale internally while there are external economies of scale for the industry, a firm's long-run supply curve will be ________ and the long-run market supply curve will be ________.

• A) downward sloping; downward sloping
• B) upward sloping; horizontal
• C) horizontal; downward sloping
• D) downward sloping; horizontal
• E) upward sloping; downward sloping

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Definitions:

Youth Suicides

The act of deliberately ending one's own life by individuals who are under the age of 18.

Alienation

Not feeling in control and not feeling a part of a situation. This often results in a lack of self-realization and a feeling ofpowerlessness and hopelessness

Emile Durkheim

A French sociologist best known for his foundational work on social theory, who explored the complex relationship between individuals and society.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his influence on the development of socialist thought.