In September 1774, All Colonies Sent Delegates to the First

question 17

Multiple Choice

In September 1774, all colonies sent delegates to the First Continental Congress EXCEPT

• A) Delaware.
• B) Georgia.
• C) Rhode Island.
• D) New York.
• E) New Hampshire.

Understand the principles of long-run equilibrium in perfectly competitive markets.

Describe the impact of demand and supply changes in perfectly competitive markets.

Understand the effects of technology and economies of scale on cost and industry adjustment.

Explain the conditions required for long-run equilibrium in perfectly competitive firms.