Which of These Will Hold True for an Unregulated,competitive Industry

question 11

Multiple Choice

Which of these will hold true for an unregulated,competitive industry?

• A)The market price will be higher than the marginal cost of production.
• B)The marginal cost will be higher than the average cost of production.
• C)The marginal cost of production will be equal to the market price.
• D)The market price will be lower than the marginal cost of production.

---

Definitions:

Thoracic Cage

The bony frame around the chest composed of the ribs, sternum, and thoracic vertebrae, protecting the heart and lungs.

Intercalated Discs

Intercalated discs are specialized connections between heart muscle cells (cardiomyocytes), facilitating coordinated contraction through electrical and mechanical linkage.

Gap Junctions

Specialized intercellular connections that allow for direct communication between cells through the exchange of ions and small molecules.

Cardiac Muscle

A type of involuntary striated muscle found exclusively in the heart, responsible for heart contractions.