Under Perfect Competition,if an Industry Is Characterized by Positive Economic

question 1

Multiple Choice

Under perfect competition,if an industry is characterized by positive economic profits in the short run

• A)firms will leave the market in the long run and the short-run supply curve will shift outward.
• B)firms will enter the market in the long run and the short-run supply curve will shift outward.
• C)firms will enter the market in the long run and the short-run supply curve will shift inward.
• D)firms will leave the market in the long run and the short-run supply curve will shift inward.

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Definitions:

Late-Onset Alcohol Abusers

Individuals who begin exhibiting problematic drinking behaviors later in life, often as a response to life stressors or changes.

Problem Drinkers

Individuals who consume alcohol in ways that create physical, social, or emotional problems but may not meet the criteria for alcohol dependence.

Substance Abuse

The excessive use of substances, especially alcohol or drugs, leading to clinical and functional impairments, such as health problems and disability.

Blacks Out

Losing consciousness or memory for a period of time, often due to excessive alcohol consumption or medical conditions.