Which of the Following Is Not an Option for a Perfectly

question 175

Multiple Choice

Which of the following is not an option for a perfectly competitive firm that suffers short-run losses?

• A)shutting down
• B)reducing production
• C)reducing the use of variable factors
• D)raising price

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Definitions:

Papillae

Structures on the tongue that contain groupings of taste buds.

Gustatory Receptors

Specialized sensory cells located on the tongue that detect taste stimuli and convey taste signals to the brain.

Olfactory Epithelium

A thin layer of tissue, deep within the nasal cavity, containing the olfactory receptors; these sensory receptors produce information that is processed in the brain as smell.

Gustation

The sense of taste, one of the five traditional senses, which detects the chemical composition of substances through taste buds.