Which of the Following Is NOT Likely to Occur in an Area

question 8

Multiple Choice

Which of the following is NOT likely to occur in an area that depends on surface water for its drinking supply? 

• A) Water is run through sand filters. 
• B) Water is treated with ozone and fluoride to kill bacteria. 
• C) Water is purified with activated charcoal in a filtering strategy. 
• D) Water is allowed to settle to allow suspended matter to fall out

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Definitions:

Long-run Equilibrium

The state in which all factors of production and costs are variable, and firms make neither excess profit nor losses, indicating stability in the market.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information, resulting in firms being price takers.

Price

The amount of money required to purchase a good or service; the value that must be exchanged to acquire a specific product.

Short-run Industry Supply

The total quantity of goods that producers in an industry are willing and able to sell at different prices in a short period, without changing production capacity.