Use the Following Statements to Answer This Question

question 45

Multiple Choice

Use the following statements to answer this question:

• A) I is correct and II is correct.
• B) I is incorrect and II is incorrect.
• C) I is correct and II is incorrect.
• D) I is incorrect and II is correct.
• I.Each province is responsible for the mergers and acquisitions within its own jurisdiction.
• II.The Ontario Securities Commission regulates most of the public deals in Canada.

---

Definitions:

Constant-Cost Industry

Industry whose long-run supply curve is horizontal.

Long-Run Supply

A market's supply at a point where all inputs can be adjusted, considering factors like technology and resource availability, reflecting the time period in which firms can fully adjust to market conditions.

Rental Housing Regulations

Rules and laws designed to govern the rental market, protect tenants and landlords, and ensure safe, habitable living conditions in rental properties.

Urban Land

Urban land refers to land that is used or designated for use in cities or towns, and includes a range of uses from residential to commercial and industrial.