If Firms Are Protected by Substantial Barriers to Entry, Short-Run

question 95

True/False

If firms are protected by substantial barriers to entry, short-run profits can turn into long-run profits.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a pause in exposure to the conditioned stimulus.

Conditioned Fear

A learned response to a previously neutral stimulus that has been repeatedly paired with an aversive event, triggering fear reactions.

Cocker Spaniel

A breed of dog known for its long ears, expressive eyes, and friendly personality.

Generalization

The cognitive process of applying information or behavior learned in one context to different but similar contexts.