The Shape of the Long-Run Industry Supply Curve in a Perfectly

question 88

Multiple Choice

The shape of the long-run industry supply curve in a perfectly competitive industry is largely determined by:

• A)the shape of the short-run industry supply curve.
• B)the price of inputs as the industry expands.
• C)the price elasticity of market demand.
• D)the shape of the average fixed cost curve.
• E)the shape of the marginal cost curve.

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Definitions:

Gender Divide

The division or gap between males and females in various aspects such as opportunities, rights, and social roles, often highlighting inequalities.

Babcock and Laschever

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Same-Sex Pairs

Groups or couples consisting of two individuals of the same sex, often used in research to study interactions without the influence of gender differences.

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