Which of the Following Does Not Characterize Long-Run Equilibrium

question 29

Multiple Choice

Which of the following does not characterize long-run equilibrium?

• A) No individual firm wishes to change the amount of the good it is supplying to the market
• B) At least one firm in the market has an incentive to change the amount of one of the inputs it is using
• C) The aggregate supply in the market equals the aggregate demand for the good

---

Definitions:

Stereotyping

The act of assigning generalized and often inaccurate or oversimplified attributes to a group of people based on their race, gender, culture, or other factors.

Generalized Judgments

Assessments or opinions that are broad and not specific to individual cases or circumstances.

Interest

A feeling of curiosity or concern about something or someone, which can motivate learning and engagement.

Internal Factor

Elements or forces within an organization or individual that can affect performance, mood, or outcomes.