The Short-Run Supply Curve for a Competitive Industry

question 3

Multiple Choice

The short-run supply curve for a competitive industry:

• A)is subject to the law of diminishing returns.
• B)is the industry's marginal cost curve.
• C)coincides with the marginal revenue curve.
• D)is horizontal because there are many buyers and sellers.

---

Definitions:

Tones of Voice

Variations in pitch, volume, speed, and intonation of speech that can affect the meaning or emotional undertone of what is being said.

Natural Mimicry

The adaptation where an organism evolves to resemble another object or organism in its natural environment for survival.

Facial Feedback

The hypothesis that facial movement and expressions can influence emotional experience.

Behavior Feedback

The information received about the effectiveness or appropriateness of one's actions, which can influence future behaviors.