-Refer to Figure 9.8.In the Long Run

question 126

Multiple Choice

-Refer to Figure 9.8.In the long run,

• A) existing firms in this industry will contract output.
• B) firms will leave this industry.
• C) existing firms will expand and new firms will enter this industry.
• D) the industry supply curve will shift to the left.

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Definitions:

Dependent Edema

Swelling caused by the accumulation of fluid in tissues, often influenced by gravity and seen in the lower body.

Stasis Ulcers

Chronic wounds that occur due to poor blood circulation, typically in the lower extremities.

Congestive Heart Failure

A chronic condition where the heart doesn’t pump blood as well as it should, leading to fluid buildup around the heart and in the body.

Cyanosis

A bluish discoloration of the skin caused by lack of oxygen.