Answer:
In a decreasing cost industry, the long run supply curve is downward sloping since as output increases and new firms enter, production costs decline. The computer industry is an example of a downward sloping supply curve, since as the number of computers produced increased, the price of inputs, such as chips, decline.
Explanation:
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Answer:
The preamble sets the stage for the Constitution (Archives.gov). It clearly communicates the intentions of the framers and the purpose of the document. The preamble is an introduction to the highest law of the land; it is not the law. It does not define government powers or individual rights.
Explanation:
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Answer:
C. Statement [3]
Explanation:
Statement 3 is the inferential statement in the argument, because from the fact that the Japanese companies make group decisions (which is the main reason given for the efficiency of Japanese companies), it is inferred, by logic, that the Japanese companies do not rely on single individual decisions.