An Increase in the Price of an Input to a Perfectly

question 1

Multiple Choice

An increase in the price of an input to a perfectly competitive industry will:​

• A)​increase price and reduce the number of firms.
• B)​increase price and increase the number of firms.
• C)​increase price and have an ambiguous effect on the number of firms.
• D)​reduce the number of firms and have an ambiguous effect on price.

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Definitions:

Confrontation Technique

A therapeutic strategy used to challenge clients' unrealistic beliefs or behaviors in a supportive way to foster insight and change.

Foster Self-Awareness

To encourage the development of a conscious knowledge of one's own character, feelings, motives, and desires.

Reflection Of Content

A communication technique where the listener restates or paraphrases the speaker's message to ensure understanding and validation.

Emotions Experienced

The feelings or emotional responses a person goes through, which can vary widely from joy and love to anger and sadness.