A Firm ________ in the Short-Run Has an Incentive to Expand

question 64

Multiple Choice

A firm ________ in the short-run has an incentive to expand its long-run scale of operation.

• A) breaking even
• B) earning positive profits
• C) that shuts down
• D) making a loss

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Definitions:

Extensive Preparation

Thorough and comprehensive planning or groundwork done in anticipation of an event or activity.

Career Classification System

A method or framework used to organize and categorize different types of careers based on certain criteria.

Inventory

A systematic list or record, often used in the context of psychological assessments to catalog behaviors, symptoms, or characteristics.

Career Development

The process of managing life, learning, and work over the lifespan to achieve personal career goals.