In the Long Run, Firms in Many Industries Often Experience

question 6

Multiple Choice

In the long run, firms in many industries often experience a falling average total cost curve as a result of:

• A) gains through trade.
• B) increasing marginal returns.
• C) economies of scale.
• D) lower fixed costs.

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Definitions:

Theca Interna

Inner vascular layer of the theca of the secondary and mature follicle; produces estrogen and contributes to the formation of the corpus luteum after ovulation.

Suspensory Ligament

Band of peritoneum that extends from the ovary to the body wall; contains the ovarian vessels and nerves. Small ligament attached to the margin of the lens in the eye and the ciliary body to hold the lens in place.

Mesovarium

Short peritoneal fold connecting the ovary with the broad ligament of the uterus.

Ovarian Ligament

Bundle of fibers passing to the uterus from the ovary.