If Perfectly Competitive Industry B Is Currently Realizing Economic Profits,we

question 12

Multiple Choice

If perfectly competitive industry B is currently realizing economic profits,we would expect that:

• A) industry output will fall, good B will fall in price, and economic profits will tend to disappear.
• B) industry output will fall, good B will rise in price, and economic profits will tend to disappear.
• C) industry output will rise, good B will fall in price, and economic profits will tend to disappear.
• D) industry output will rise, good B will fall in price, and economic profits will tend to increase.

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Definitions:

Sympathetic...Parasympathetic

Components of the autonomic nervous system, with the sympathetic division preparing the body for stress or emergency situations, while the parasympathetic division promotes relaxation and recovery.

Primary Somatosensory Cortex

The region of the brain responsible for processing tactile information from the body, located in the parietal lobes.

Sensory Systems

The components of the nervous system responsible for detecting and interpreting sensory inputs from the surroundings.

Cerebral Cortex

The outermost layer of the brain, involved in high-level functions such as thought, language, memory, and consciousness.