For Exit from a Particular Perfectly Competitive Industry to Occur,which

question 86

Multiple Choice

For exit from a particular perfectly competitive industry to occur,which of the following must be TRUE?

• A) Accounting profit < Economic profit < 0.
• B) Economic profit < Accounting profit < 0.
• C) 0 < Economic profit < Accounting profit.
• D) Economic profit < 0 < Accounting profit.
• E) Economic profit < 0.

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Definitions:

Capability

The ability, skill, or expertise that an organization or individual has which enables them to achieve their objectives and perform effectively.

Strength

In the context of SWOT analysis, refers to the inherent advantages or positive attributes an organization possesses which can be leveraged to achieve its goals.

SWOT Analysis

A tool used in strategic planning that assesses the Strengths, Weaknesses, Opportunities, and Threats associated with a project or enterprise.

Strategic Planning

Involves outlining an organization's vision, goals, and tactics to achieve long-term success and competitive advantage.