If Firms in a Price-Taker Industry Were Forced to Install

question 126

Multiple Choice

If firms in a price-taker industry were forced to install antipollution devices that increased their production costs, we should expect

• A) the cost curves for the firms in this industry to shift downward.
• B) the market price of the product to decrease.
• C) that the firms in the industry would suffer long-run economic losses.
• D) that the firms in the industry would earn normal economic profits in the long run, as the higher production costs were passed along to consumers in the form of higher prices.

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Definitions:

Role of the Counselor

The role of the counselor involves assisting clients in understanding and resolving personal, social, or psychological problems through therapeutic techniques and communication.

Solution-focused Counseling

A therapeutic approach that emphasizes identifying and utilizing a client’s strengths and resources to address current problems, rather than focusing on past issues or causes.

Miracle Question

A therapeutic question used in solution-focused brief therapy which asks clients to imagine how their life would be different if they woke up tomorrow and their problem was solved.

Useful in Session

Refers to techniques, interventions, or information that can be effectively applied during a therapy or counseling session to promote healing or understanding.