Technology Reduces the Average Cost of Production,so in the Long

question 124

Multiple Choice

Technology reduces the average cost of production,so in the long run
i.perfectly competitive firms produce at a lower average cost.
ii.the market price of the good falls.
iii.firms with older plants either exit the market or adopt the new technology.

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

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Definitions:

Bone Deformities

Abnormalities in the shape or size of bones, often due to congenital reasons, disease, or injury.

Fractures

A break or crack in a bone typically resulting from trauma, overuse, or disease processes.

Side-lying Position

A way of positioning a person on their side, which can be important for comfort, relief of pressure points, or medical needs.

Adduction

The movement of a limb or other body part toward the midline of the body or towards another part.