Which of the following best explains how trade enables greater specialization
among producers?

A. Trade enables producers to open up new markets for their goods
and services.

B. Trade requires distribution networks and adds one more step to
the production process.

C. Trade diversifies the market by bringing specialized goods from
around the world.

D. Trade allows people to focus on one kind of production and trade
for their other needs.

a

explanation:

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.