Suppose a Competitive Market Is Comprised of Firms That Face

question 302

Multiple Choice

Suppose a competitive market is comprised of firms that face identical cost curves. The firms experience an increase in demand that results in positive profits for the firms. Which of the following events are then most likely to occur?

• A) (i) and (ii) only
• B) (i) and (iii) only
• C) (ii) and (iii) only
• D) (i), (ii) and (iii)

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Definitions:

Macrophages

Immune cells that engulf and digest cellular debris, foreign substances, microbes, and cancer cells in a process called phagocytosis.

Innate Immunity

The first line of defense in the immune system, consisting of physical, chemical, and cellular defenses against pathogens that are present from birth.

Plasma Cell

Cell derived from B cells; produces antibodies.

Antibodies

Proteins made by the immune system that are responsible for identifying and deactivating foreign entities such as viruses and bacteria.