We Assume That in the Short Run in a Perfectly

question 154

Multiple Choice

We assume that in the short run in a perfectly competitive market the:

• A) number of firms is fixed.
• B) total quantity supplied is fixed.
• C) price is fixed.
• D) All of these are true of the short run.

---

Definitions:

Synaptic Effectiveness

Synaptic effectiveness refers to the efficiency and strength with which a synapse can transmit a signal from one neuron to another.

Long-term Depression (LTD)

A reduction in the effectiveness of neuronal synapses lasting hours or longer following a long patterned stimulus, contributing to the inverse process of synaptic strengthening.

Synaptic Effectiveness

The ability of synapses (junctions between two neurons) to efficiently transmit signals from the presynaptic neuron to the postsynaptic neuron.

Electrical Stimulation

Passage of an electrical current from the uninsulated tip of an electrode through tissue, resulting in changes in the electrical activity of the tissue.