Industries in Which Firms Are Enjoying Positive Profits Are Likely

question 222

Multiple Choice

Industries in which firms are enjoying positive profits are likely to ________ in the long run.

• A) expand
• B) contract
• C) neither expand nor contract, as firms must earn an economic profit to stay in business
• D) expand or contract depending on the normal rate of return

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Definitions:

Input Mask

A template that sets the format for entering data, such as phone numbers or social security numbers, to ensure data is entered into a database correctly.

Required

A condition or item that is deemed necessary or obligatory for a particular purpose or outcome.

Subdatasheet

A feature in database software that allows you to view and enter related data in a table or query nested within another datasheet.

Related Table

A table in a database that is connected to another table through one or more fields that hold common values, establishing a relationship between the tables.