An Industry with an Upward-Sloping Long-Run Supply Curve Experiences

question 74

Multiple Choice

An industry with an upward-sloping long-run supply curve experiences

• A)external diseconomies of scale.
• B)the law of increasing costs.
• C)diminishing returns.
• D)a loss of efficiency.
• E)external economies of scale.

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Definitions:

Occipital Area

The region at the back of the brain which is primarily responsible for visual processing.

Hypothalamus

A small region at the base of the brain crucial for hormone production and regulation, influencing body temperature, hunger, mood, and more.

Motivated Behavior

Actions that are initiated or directed by a desire or need, highlighting the drive toward achieving a specific goal or satisfying a physiological or psychological requirement.

Cerebellum

The cerebellum is a major structure of the brain involved in motor control, coordination, precision, and accurate timing, playing a significant role in fine-tuning movements and balance.