If a Competitive Firm Can Make Enough Revenue to Cover

question 36

Multiple Choice

If a competitive firm can make enough revenue to cover its variable costs,the firm will

• A) always earn a profit.
• B) always earn a loss.
• C) earn a profit in the long run.
• D) choose to remain open.
• E) shut down.

---

Definitions:

Investigator

A person who conducts research or carries out an inquiry, especially in a scientific or academic field.

Longitudinal

Longitudinal studies involve repeated observations of the same variables, such as people, over short or long periods of time to detect patterns, causes, and effects.

Different Kinds

A phrase indicating a variety or diversity within categories, types, or classifications.

Moral Reasoning

The process of determining right and wrong in ethical situations, often guided by moral principles, values, and beliefs.