An Increasing-Cost Industry Is the Result of

question 142

Multiple Choice

An increasing-cost industry is the result of

• A)higher resource prices that occur as the industry expands.
• B)a change in the industry's minimum efficient scale.
• C)X-inefficiency.
• D)the law of diminishing returns.

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Definitions:

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's cognition, emotional regulation, or behavior.

Functional Theory

a theory that explains how aspects of society operate to fulfill necessary functions, maintaining social stability and equilibrium.

Attitudes

Refers to psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Utilitarian Function

The practical or useful role served by an object, system, or behavior, typically aimed at satisfying basic needs or accomplishing tasks.