The Elimination Principle States That ______ Normal Profits Are Eliminated

question 77

Multiple Choice

The elimination principle states that ______ normal profits are eliminated by ______, and ______ normal profits are eliminated by ______.

• A) above-; prices; below-; costs
• B) below-; prices; above-; costs
• C) below-; entry; above-; exit
• D) above-; entry; below-; exit

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Definitions:

Multiple Levels

A term referring to the consideration or analysis of phenomena across various layers or dimensions, such as biological, social, or psychological.

Protective Factor

A condition or characteristic that decreases a person's risk for developing a disease or injury.

Parental Monitoring

The actions taken by parents to keep track of their children’s activities and behavior, intending to guide or protect them.

Private School

An educational institution not administered by local, state, or national governments, often funded through tuition fees and gifts.