Which of the Following Would Occur If a Single Farm

question 19

Multiple Choice

Which of the following would occur if a single farm in perfect competition lowered its price below the long-run equilibrium market price?

• A)All other farms would lower their prices, too.
• B)It would not be maximizing profit.
• C)It would get a larger share of the market, and this would be profitable for it.
• D)Other farms would be driven out of the industry.
• E)Other farms would enter the industry.

---

Definitions:

Occipital

Pertaining to the occipital lobe, a region at the back of the brain that is primarily responsible for visual processing.

Temporal

Pertains to time or the sequential order of events.

Early Maturing

The process where an individual reaches physical and sexual maturity sooner than what is typically expected for their age group.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and lack of interest or pleasure in previously enjoyable activities.