Suppose a competitive industry faces an increase in demand​ (i. e., the demand curve shifts​ upward). What are the steps by which a competitive market ensures increased​ output? Will your answer change if the government imposes a price​ ceiling? If demand​ increases, then output will increase with competition because A. price will​ decrease, decreasing​ profit, prompting existing firms to stop producing output. B. average cost will​ decrease, increasing​ profit, prompting . C. price will become less than marginal​ cost, prompting . D. price will​ increase, increasing​ profit, prompting . E. price will​ increase, increasing​ profit, prompting .

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.