If the Firm in the Graph Below Represents the Typical

question 120

Multiple Choice

If the firm in the graph below represents the typical firm in a monopolistically competitive industry, what would be most likely to occur?

• A)New firms would be likely to enter this industry.
• B)Existing firms would be likely to exit this industry.
• C)Firms would neither enter nor exit this industry.
• D)New firms would like to enter but since there are substantial barriers to entry they cannot do so.
• E)There is not sufficient information in this graph to draw a conclusion on entry or exit of firms.

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Definitions:

Duchenne Muscular Dystrophy

A genetic disorder characterized by progressive muscle degeneration and weakness due to alterations of a protein called dystrophin that helps keep muscle cells intact.

Chromosome Deletions

Genetic mutations involving the loss of a segment of DNA from a chromosome, potentially causing diseases or disorders.

X Chromosome

One of the two sex chromosomes, playing a key role in determining genetic sex and carrying genes for many other non-sex related traits.

Pedigree

Chart of family connections that shows the appearance of a phenotype through generations.