If the Technology Associated with Producing Fiber-Optic Cable Continues to Advance,over

question 96

Multiple Choice

If the technology associated with producing fiber-optic cable continues to advance,over time the cost of producing fiber-optic cable will

• A) decrease, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market.
• B) decrease, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry.
• C) increase, firms that use the new technology will make an economic profit, and in the long run new firms will enter the market.
• D) increase, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry.
• E) decrease, firms that do not use the new technology will make an economic profit, and in the long run new firms will enter the market.

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Definitions:

Fewer Children

A demographic trend where families are having fewer children than previous generations, often associated with societal changes or advancements.

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A state in southern India, known for its lush landscapes, backwaters, rich culture and history, as well as significant achievements in literacy and health standards.

Overpopulation Problem

The condition where the number of organisms exceeds the carrying capacity of their environment, leading to environmental degradation and diminished quality of life.