Industries in Which the Firms Have Large Fixed Costs and Small,constant

question 98

Multiple Choice

Industries in which the firms have large fixed costs and small,constant marginal costs will,over time:

• A)have more and more small firms.
• B)see an increase in the average size of firms.
• C)see no change in the average size of firms.
• D)see no change in the average number of firms.

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Definitions:

Sympathetic

Relating to the part of the autonomic nervous system that prepares the body for action and stress, known as the fight or flight response.

Sympathetic Fibers

Nerve fibers of the sympathetic nervous system that act to increase heart rate, constrict blood vessels, and raise blood pressure.

Cardiac Plexus

A complex network of nerves located near the heart, responsible for regulating the heart's rate and force of contraction.

Heart Rate

The number of times a heart beats per minute, indicating cardiovascular activity and overall health.