If a Competitive Firm Successfully Adopts a Better Production Technology

question 157

Multiple Choice

If a competitive firm successfully adopts a better production technology ahead of the others, then

• A) its product price will become lower than the others'.
• B) its average cost will become higher than the others'.
• C) its profits will become higher than the others'.
• D) its marginal revenue will become higher than the others'.

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Definitions:

Communication Behavior

The ways in which individuals convey and interpret messages through verbal and non-verbal means.

Assertive

Behaving confidently and forcefully to express one’s opinions and needs without infringing on the rights of others.

Aggressive

Behaving or acting in a forceful, hostile, or determined way, often to dominate or control others.

Communication Scholars

Academics and researchers who study the processes, modes, effects, and theories of verbal and nonverbal communication.