A Firm Cannot Maintain Above-Normal Profits Over the Long Run

question 33

Multiple Choice

A firm cannot maintain above-normal profits over the long run

• A)Without the existence of a cartel.
• B)Unless barriers to entry exist.
• C)Unless predatory pricing occurs.

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Definitions:

Belonging

A feeling of security and support when a person feels accepted and valued in a group or community.

Anonymity

The state of being anonymous, where an individual's identity is unknown or kept secret.

Social Conversation

Interactions through spoken, written, or signed language among individuals or groups for the purpose of sharing information, experiences, or ideas.

Concrete Assistance

Practical help provided to individuals or groups, such as financial aid, housing, or food, addressing immediate needs.