The Long-Run Supply Curve for a Constant-Cost Perfectly Competitive Industry

question 173

Multiple Choice

The long-run supply curve for a constant-cost perfectly competitive industry is

• A)a ray from the origin at a 45-degree angle
• B)perfectly inelastic
• C)somewhat inelastic
• D)perfectly elastic
• E)declining

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Definitions:

DNA Polymerase

An enzyme that catalyzes the synthesis of DNA molecules from nucleotide precursors.

Nucleotide Bases

The nitrogenous bases in DNA and RNA molecules that pair to form the structural foundation of nucleic acids; adenine, cytosine, guanine, thymine (DNA only), and uracil (RNA only).

DNA Replication

The process by which a double-stranded DNA molecule is copied to produce two identical DNA molecules.

Histone

Type of protein that associates with DNA and structurally organizes eukaryotic chromosomes.