A Constraint Which Cannot Be Violated Is Called a

question 16

Multiple Choice

A constraint which cannot be violated is called a

• A) binding constraint.
• B) hard constraint.
• C) definite constraint.
• D) required constraint.

Assess the minimum price a firm would need to charge to cover its average total cost in the long run.

Distinguish between price searchers and price takers.

Evaluate the effect of market entry or exit on market supply, price and firm profitability.

Understand the relationship between market demand, firm entry/exit, and the supply curve in different cost industries.

---

Definitions:

Sexual Expression

The ways in which we engage in sexual behaviors.

Heteronormativity

The assumption or belief that heterosexual relationships are the norm or default, often excluding or marginalizing other forms of sexual orientation and relationships.

Heterosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of the opposite sex.

Dominant Social Institutions

Major societal structures and organizations that hold power and influence over the norms, values, and practices of a community, such as government, education, and religion.