Three reasons for the rise and fall of industries are
A) government subsidy, cost-reducing technology, and changing tastes.
B) new ideas, cost-reducing technology, and changing tastes.
C) government subsidy, population growth, and cost-reducing technology.
D) population growth, cost-reducing technology, and changing tastes.
E) new ideas, necessity, and changing tastes.
Correct Answer:
Verified
Q7: Consumers are part of an industry.
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Q9: A group of firms, each of which
Q10: Which of the following statements is false?
A)The
Q11: An industry tends to expand as market
Q13: In economics, firms can enter an industry
Q14: In the long run, firms enter an
Q15: The number of firms increases in the
Q16: Define the term industry.
Q17: The long-run competitive equilibrium model describes what
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