-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:

Emotion-Focused Coping

A method of dealing with stress by managing emotions rather than confronting the problem directly.

Problem-Focused Coping

Attempting to alleviate stress directly—by changing the stressor or the way we interact with that stressor.

Emotion-Focused Coping

A strategy for managing stress by working to change one’s emotional response to a stressor rather than changing the stressor itself.

Mindfulness Meditation

A practice of concentrated focus upon a sound, object, visualization, the breath, movement, or attention itself in order to increase awareness of the present moment, reduce stress, promote relaxation, and enhance personal and spiritual growth.