Figure 9-7 -Refer to Figure 9-7.Suppose the Prevailing Price Is $20 and Is

question 60

Multiple Choice

Figure 9-7
-Refer to Figure 9-7.Suppose the prevailing price is $20 and the firm is currently producing 1,350 units.In the long-run equilibrium,

• A)there will be fewer firms in the industry and total industry output decreases.
• B)there will be more firms in the industry and total industry output increases.
• C)there will be fewer firms in the industry but total industry output increases.
• D)there will be more firms in the industry and total industry output remains constant.

---

Definitions:

Urgent Message

A communication that needs immediate attention or action due to its importance or time-sensitivity.

Workplace Message

Communication occurring within a professional setting, encompassing all forms of messages from digital emails to face-to-face conversations among employees.

First Names

The given names of individuals, used for more personal or informal interactions, usually positioning as the initial part of a full name.

Colleagues' Whereabouts

The location or current status of fellow employees or coworkers, usually in the context of their availability for work or meetings.