Which Statement Is Correct? the Long-Run Supply Curve for a Purely

question 116

Multiple Choice

Which statement is correct? The long-run supply curve for a purely competitive:

• A) decreasing-cost industry is upsloping.
• B) increasing-cost industry is perfectly elastic.
• C) increasing-cost industry is upsloping.
• D) increasing-cost industry is less elastic than the industry's short-run supply curve.

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Definitions:

Cloud Computing

The delivery of computing services over the internet, allowing on-demand access to computing resources without direct active management by the user.

Benefits

The advantageous outcomes or returns resulting from specific actions, policies, or investments, often related to health, finance, or employment.

Risks

The potential for loss or other adverse effects that may hinder an organization's ability to achieve its objectives.

Service Models

Frameworks for delivering products or services that outline the way in which businesses provide value to their customers.