Which of the Following Statements Is True

question 125

Multiple Choice

Which of the following statements is true?

• A)A long-run competitive equilibrium can only be achieved in constant-cost industries.
• B)When an industry achieves a long-run competitive equilibrium, industry output will not change in the future.
• C)A long-run competitive equilibrium outcome is not economically efficient.
• D)When an industry reaches a long-run competitive equilibrium, the typical firm in the industry breaks even.

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Definitions:

Healthier Eating Habits

Patterns of consumption that focus on nutrient-rich foods and balanced diets to improve or maintain overall health.

Scientific Learning

The process of acquiring knowledge and understanding through the scientific method, involving observation, experimentation, and analysis.

Natural Environments

Areas or conditions in nature that are not significantly modified by human activity.

Phonological Processing

The ability to recognize and manipulate sounds in speech, an essential component of reading and language development.