If a Firm Has Excess Capacity,it

question 9

Multiple Choice

If a firm has excess capacity,it

• A) produces less than its efficient scale.
• B) should advertise to maximize profits.
• C) should decrease its markup to increase its profit.
• D) is a perfectly competitive firm.
• E) must face a horizontal demand curve.

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Definitions:

Unconditional Positive Regard

A concept in client-centered therapy proposing that the therapist should provide a client with unwavering support and acceptance, regardless of what the client says or does.

Client-Centered Therapy

A psychological treatment model that emphasizes providing a supporting environment where clients can explore and solve their problems.

Genuineness

The quality of being honest, sincere, and authentic in one's expressions or feelings.

Behavior Modification

A psychological strategy aimed at changing specific undesirable behaviors through reinforcement, punishment, or other learning techniques.