In a Constant Cost Industry, an Increase in Price Causes

question 137

Multiple Choice

In a constant cost industry, an increase in price causes

• A) some firms to exit the industry.
• B) quantity supplied to remain constant.
• C) some firms to enter the industry.
• D) price controls.

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Definitions:

Cell Mediated

Relating to the immune response that does not involve antibodies but rather the activation of white blood cells against pathogens.

Active Immunity

Immunity acquired through the immune system's response to a disease organism or vaccination, leading to the production of antibodies.

Antiseptic Hand Solution

A liquid substance used to eliminate or reduce pathogens on the skin, especially in the hands, to prevent contamination.

Effectiveness

The degree to which a procedure, treatment, or service produces a desired result or outcome under usual or real-world conditions.