Suppose That the Demand Curve for an Industry's Output Is

question 26

True/False

Suppose that the demand curve for an industry's output is a downward-sloping straight line and there is constant marginal cost.Then the larger the number of identical firms producing in Cournot equilibrium, the lower will be the price.

---

Definitions:

Node

A point on a stem where leaves, branches, or flowers originate, often associated with growth and the formation of new tissue.

Arrangement

The action, process, or result of arranging or being arranged.

Parallel Venation

A pattern of vein arrangement in leaves where veins run parallel to each other, typical of monocot plants.

Eudicot Leaves

Leaves of eudicotyledonous plants, characterized by a branched vein pattern.