Given: A bar magnet is released from rest along the axis of a very long vertical copper tube.
Find: What happens to the motion of the magnet after some time.
According to Lenz's law, the induced current in the copper tube due to the motion of the bar magnet produces a magnetic field that opposes the motion of the magnet. Therefore, the magnet experiences a resistive magnetic force as it falls.
Initially, the magnet accelerates downward due to gravity g. As it moves, the changing magnetic flux through the conducting tube induces an emf and hence a current in the tube. This induced current creates a magnetic force opposite to the motion.
As the speed increases, the opposing magnetic force also increases. Eventually, this magnetic force balances the downward gravitational force. Then the net force becomes zero, so the magnet moves with terminal velocity, that is, with almost constant speed.
Therefore, the correct option is C.