Figure 7-9 -Refer to Figure 7-9.If This Is a Constant-Cost Industry,what Is

question 226

Multiple Choice

Figure 7-9
-Refer to Figure 7-9.If this is a constant-cost industry,what is the market price in the long-run equilibrium?

• A) $5
• B) $14
• C) $15
• D) $20

---

Definitions:

Loans

A sum of money that is borrowed and is expected to be paid back with interest.

Democratic Allies

Nations or groups that share and support democratic values and principles, often working together on international issues.

Soviet Union

A former federative socialist state in Eurasia that existed from 1922 to 1991, known officially as the Union of Soviet Socialist Republics (USSR).

Communist-Allied

Referring to entities, organizations, or countries that are aligned with or support Communist ideologies or parties.