All of the Following Are Long-Run Changes, Except

question 19

Multiple Choice

All of the following are long-run changes, except

• A) an industry expanding as more firms enter it.
• B) a firm moving into larger production facilities to expand production.
• C) some firms deciding to leave an industry and the industry contracts.
• D) a firm producing more output by acquiring more raw materials for its existing factory.

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Definitions:

Salt and Pepper

Salt and Pepper are a pair of seasonings commonly used together to enhance the flavor of food.

Common Food Seasonings

A variety of spices, herbs, and other condiments used to enhance the flavor of food.

Good Cook

An individual skilled in preparing tasty and nutritious meals by combining ingredients adeptly.

High Tones

The use of elevated pitches in speech or music, often associated with certain linguistic or musical expressions.