One Could Argue Correctly That

question 65

Multiple Choice

One could argue correctly that

• A) all firms in any industry can earn short-run but not necessarily long-run positive economic profit.
• B) all firms in any industry can earn long-run but not necessarily short-run positive economic profit.
• C) all firms in any industry can earn both short-run and long-run positive economic profit.
• D) no firm in any industry can earn long-run positive economic profit because all price changes made by any firm will be followed by all of the other firms.
• E) all firms in any industry can earn short-run positive profit if economies of scale exist.

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Definitions:

Adjustments

The psychological processes or changes that individuals make in response to new situations, challenges, or demands in their environment.

Early In Marriage

Pertains to events, challenges, or stages that occur in the beginning phases of a marital relationship.

Later In Marriage

A reference to phenomena, experiences, or issues that arise in the later stages of a marital relationship.

Empty-Nest Syndrome

A feeling of loneliness or sadness that parents may experience when their children grow up and leave home to start their own lives.