Which of the Following Industries Is Most Likely to Exhibit

question 539

Multiple Choice

Which of the following industries is most likely to exhibit the characteristic of free entry?

• A)nuclear power
• B)municipal water and sewer
• C)dairy farming
• D)airport security

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Definitions:

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.