Excess Capacity for a Firm in an Oligopoly Situation

question 48

Multiple Choice

Excess capacity for a firm in an oligopoly situation

• A)Can not contribute to long run profit for a firm
• B)Encourages competitors to enter the market and build at optimal capacity
• C)Is a deterrent to entry in the market by potential competitors
• D)Will be temporary if the planning was done right

Analyze the role of communication, conflict resolution, and external factors in the stability and satisfaction within intimate relationships.

Distinguish between myths and research-supported facts regarding intimate partner violence, cohabitation, and marital outcomes.

Understand the role of laws and societal mechanisms (like the Family and Medical Leave Act) in supporting families.

Appreciate the experiences and challenges faced by non-traditional families, including same-sex couples and never-married parents.

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Definitions:

Reasonable Person Standard

A legal standard used to determine whether an individual's actions were reasonable under particular circumstances, often used in negligence cases.

Mental Deficiency

A term historically used to describe a range of intellectual disabilities or cognitive impairments.

Physical Disability

Physical Disability is a condition that significantly impairs an individual's ability to perform daily tasks or movements due to physical limitations.

Contributory Negligence

A legal doctrine where a plaintiff's action may reduce or eliminate their right to recover damages if their own negligence contributed to the harm.