Suppose That an Industry's Long-Run Supply Curve Is Downsloping

question 163

Multiple Choice

Suppose that an industry's long-run supply curve is downsloping. This suggests that

• A) it is an increasing-cost industry.
• B) relevant inputs have become more expensive as the industry has expanded.
• C) technology has become less efficient as a result of the industry's expansion.
• D) it is a decreasing-cost industry.

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Definitions:

Binge-Eating Disorder

A disorder characterized by recurrent episodes of eating large quantities of food quickly and to the point of discomfort, often accompanied by feelings of loss of control and guilt.

Bulimia Nervosa

An eating disorder characterized by binge eating followed by purging to prevent weight gain.

Remorse

A deep regret or guilt for a wrong committed, often associated with a desire to make amends.

Gain Weight

The increase in body mass, typically as a result of excess calorie intake beyond the body's energy needs.