<u>Answer:</u>
The statement that in the long run the demand curve will shift to the left until price equals average total cost and economic profit increases is not true.
Option: (I)
<u>Explanation:</u>
- In monopolistic competition, the demand for the commodity that is manufactured often remains constant, or at instances, increases as the manufacturer is the only player producing the commodity in that particular segment, or of that particular brand, or of that particular quality.
- These manufacturers often sell their products at costs more than the marginal costs by taking advantage of the monopolistic competition in place.
<span>its inability to regulate trade and levy taxes</span>
The correct answer is letter E.
Explanation: In ISO 9000 certification, Continual improvement is emphasized.
By reducing the variability in the product or service is an important key to quality. Poor quality has a positive effect on productivity because it usually takes longer to produce a good part.
Option C
The peer review process, in which scientists submit write-ups of their ideas and experiments to a set of colleagues who judge how good the ideas are before the ideas can be published, is: A useful and important, even if imperfect, mechanism of quality-control for the scientific literature
<u>Explanation:</u>
The peer-review practice endures to approve scholarly work, accommodates to enhance the worth of proclaimed research, and builds networking circumstances in research areas. Notwithstanding critiques, peer review is yet the unique internationally affirmed system for research validation.
Peer review guarantees that documents undergo a fair evaluation and skillful opinion, enabling scholars to develop their script and therefore high-quality experimental interpretation and articles to be proclaimed. It also encourages the browsers to believe the scientific uprightness of the report and to present notified declarations where peer reviewer comments are ready.
