If a Particular Perfectly Competitive Industry Uses Only a Small

question 40

Multiple Choice

If a particular perfectly competitive industry uses only a small fraction of the supply of any of its inputs,the long run supply curve for that industry will tend to be:

• A) vertical.
• B) upward sloping.
• C) horizontal.
• D) downward sloping.

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Definitions:

Thyroxin

Is a hormone produced by the thyroid gland that regulates metabolism, energy generation, and growth and development.

Monozygotic Twins

Twins that are genetically identical, having developed from a single fertilized egg that split into two.

Genetic Factors

Aspects of an organism's genetic makeup that influence its physical and behavioral traits.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time but developed from separate eggs fertilized by separate sperm.