Free Entry Implies That

question 7

Multiple Choice

Free entry implies that

• A) a perfectly competitive firm can never earn a profit.
• B) if firms in an industry are making excessively high profits, new firms are likely to enter the industry.
• C) the government regulates the number of firms that are allowed in an industry.
• D) firms will always earn a profit, as new firms can enter the industry at any time they like.

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Definitions:

Orgasm

The climax of sexual stimulation, characterized by intense pleasure and the release of sexual tension.

Sexual Response Cycle

A model that describes the sequence of physical and emotional changes that occur as a person becomes sexually aroused and participates in sexually stimulating activities, including phases such as arousal, plateau, orgasm, and resolution.

Masters And Johnson

Masters and Johnson were pioneering researchers in the field of human sexuality, known for their work on the human sexual response cycle and sexual disorders.

Sexual Response Cycle

A model that describes the phases of sexual response in humans, including excitement, plateau, orgasm, and resolution.