If Perfect Competitors Are Losing Money in the Short Run,then

question 165

Multiple Choice

If perfect competitors are losing money in the short run,then in the long run there will be _____ firms in the industry and market price will _____.

• A)fewer;rise
• B)fewer;fall
• C)more;rise
• D)more;fall

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Definitions:

Oldest-old

A demographic term referring to individuals aged 85 years and older, often characterized by distinct healthcare needs and challenges in physical and cognitive functions.

Types of Arthritis

Various classifications of a medical condition characterized by inflammation of the joints, resulting in pain and stiffness.

Nutritional Deficiency

A state resulting from the lack of essential nutrients in the diet, which can lead to health problems and diseases.

Dietary Needs

Specific nutritional requirements or restrictions for an individual, often based on health, ethical, or religious reasons.