The Elimination Principle

question 121

Multiple Choice

The elimination principle:

• A) holds in all places and in all times.
• B) says that below-normal profits may be eliminated by the entry of new firms.
• C) depends on government protection.
• D) says that above-normal profits are eliminated by entry and below-normal profits are eliminated by exit.

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Definitions:

Cognitive Therapy

A type of psychological therapy that involves identifying and challenging negative thought patterns to alter unwanted behavior patterns or treat mood disorders.

Pathological Behavior

Actions or behaviors that are extreme or abnormal, often indicating the presence of a psychological disorder or disease.

Past Conditioning

The influence of previous experiences and learned behaviors on an individual's current actions and reactions.

Vague Feelings

Indistinct or unclear emotional states not easily defined or understood.