Which of the Following Would Be Most Likely If Firms

question 129

Multiple Choice

Which of the following would be most likely if firms in a competitive price-searcher market were earning economic profit?

• A) Production inefficiencies would persist until the profit was eliminated.
• B) Firms would decrease their rate of output in the short run, causing a decline in profitability in the market.
• C) New firms would enter the market, resulting in fewer sales by existing firms.
• D) All firms in the market would continue to produce at their current levels and continue to charge the same price.

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Definitions:

Parroting

The act of repeating what someone else has said without understanding or processing the information.

Helper's Words

The supportive and guiding language used by caregivers, therapists, or support staff to assist individuals.

Client's Message

The information or underlying emotions conveyed by a client during communication, often within a therapeutic or professional context.

Paraphrasing

Restating someone's words or ideas in one's own words without changing the original meaning.