Which of the Following Is NOT a Characteristic of a Constant

question 32

Multiple Choice

Which of the following is NOT a characteristic of a constant cost competitive industry? As the industry expands in the long run,

• A)the price of the product remains constant.
• B)input prices remain constant.
• C)the cost of production remains constant.
• D)the number of firms remain constant.
• E)none of the above

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Definitions:

Fetal Exposure

Refers to the exposure of a fetus to substances, conditions, or influences in the womb that can affect development.

Neural Tube

The precursor to the central nervous system in vertebrates, which later develops into the brain and spinal cord during embryonic growth.

Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, governing both voluntary actions like walking and involuntary ones like breathing.

Embryo

An early stage of development for multicellular organisms following fertilization, during which the organism undergoes division and growth.