If the Costs of Production Do Not Increase as Output

question 176

Multiple Choice

If the costs of production do not increase as output increases in the long run in a perfectly competitive industry, then this is a

• A) constant-return-to-scale industry.
• B) constant-competitive industry.
• C) constant-cost industry.
• D) constant-price industry.

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Definitions:

S-trans Conformation

A spatial arrangement in which substituent groups are on opposite sides of a double bond or single bond in a chain, leading to a more extended structure.

Heats Of Hydrogenation

The change in enthalpy that occurs when a compound is hydrogenated, often used to measure the stability of double or triple bonds.

ΔH

Symbol for enthalpy change, representing the amount of heat absorbed or released during a chemical reaction at constant pressure.

π Molecular Orbitals

Orbitals formed by the overlap of p orbitals on adjacent atoms, allowing for the delocalization of electrons above and below the plane of the atoms, typically found in unsaturated compounds.