If Firms in a Competitive Market Are Making Positive Economic

question 48

Multiple Choice

If firms in a competitive market are making positive economic profits,you would expect firms to:

• A) enter the market, causing the demand curve to shift to the right.
• B) enter the market, causing the demand curve to shift to the left.
• C) enter the market, causing the market supply curve to shift to the right.
• D) enter the market, causing the market supply curve to shift to the left.
• E) leave the market, causing the market supply curve to shift to the left.

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Definitions:

Falicov

This might refer to a specific individual or concept within the academic or clinical field but lacks context for a precise definition. Commonly associated with family therapy and cultural approaches in psychology.

Bicultural Marriages

Unions between individuals from two different cultural backgrounds, integrating diverse cultural practices and values.

Cultural Code

A set of implicit and explicit norms, values, and practices that govern behaviors within a specific culture.

Self-Worth

Self-worth refers to the value one assigns to oneself, often impacting their self-esteem and behaviors.