Which of the Following Is False About the Long Run

question 159

Multiple Choice

Which of the following is false about the long run?

• A)The long-run equilibrium output for a firm in perfect competition occurs at the lowest point on the average total cost curve.
• B)The shape of the long-run supply curve depends on the extent to which input costs change when there is entry or exit of firms in the industry.
• C)In a constant-cost industry, the prices of inputs do not change as output is expanded.
• D)In an increasing-cost industry, the cost curves of the individual firms rise as the total output of the industry decreases.
• E)All of the above are true.

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Professionals responsible for overseeing the human resources department, ensuring effective employee management, and implementing policies.

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HR Managers

Professionals responsible for overseeing human resource functions, including recruiting, training, benefits administration, and compliance with employment laws.