Which Statement Is Correct? the Long-Run Supply Curve for a Purely

question 75

Multiple Choice

Which statement is correct? The long-run supply curve for a purely competitive

• A) decreasing-cost industry will be upward-sloping.
• B) increasing-cost industry will be perfectly elastic.
• C) increasing-cost industry will be upward-sloping.
• D) increasing-cost industry will be less elastic than the short-run supply curve.

---

Definitions:

Mineralcorticoids

A class of corticosteroids, originating from the adrenal cortex, that regulate electrolyte and water balance.

Parathyroid Hormone

A hormone produced by the parathyroid glands responsible for regulating calcium levels in the blood.

Thymosin

A hormone produced by the thymus gland, involved in the development and differentiation of T-cells in the immune system.

Imperative

Imperative refers to something of vital importance or necessity that demands attention or action.