Declining Cost Industries

question 9

Multiple Choice

Declining cost industries

• A) have upward rising AC curves.
• B) have upward rising demand curves.
• C) have ∩-shaped total costs.
• D) have diseconomies of scale.
• E) have marginal cost curves below their average cost curve.

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Definitions:

Reward Power

The capacity to offer something of value as a means of influencing other people.

Coercive Power

The capacity to punish or withhold positive outcomes as a means of influencing other people.

Incentives

Rewards or benefits offered to motivate employees or stimulate greater output or investment.

Servant Leadership

A leadership philosophy that emphasizes the leader's role as serving the needs of others, putting the well-being of their team and organization first.