Which of the Following Would Be the Most Likely Outcome

question 248

Multiple Choice

Which of the following would be the most likely outcome if all perfectly competitive firms in a product market join together to form a monopoly?

• A) Both the rate of output and the quantity of labor input employed will decrease.
• B) Both the rate of output and the quantity of labor input employed will increase.
• C) The rate of output in the market will increase but the quantity of labor input will decrease.
• D) The rate of output in the market will decrease but the quantity of labor input will increase.

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Definitions:

Physical Fitness

Physical fitness involves maintaining a level of health and physical readiness that allows an individual to perform tasks, engage in physical activities, and reduce the risk of health problems.

TV Watching

The act of viewing content on a television set, which can include shows, movies, news, and other forms of entertainment or information.

Continuous Activity

Ongoing and unbroken action or performance, often referring to continuous physical or cognitive tasks.

Organized Sports

Structured physical activities, typically led by adults or coaches, where children and adolescents learn skills, compete, and participate in a team or individual sports.