Firms in Competitive Industries

question 66

Multiple Choice

Firms in competitive industries:
I. can only charge a price equal to the market price.
II. cannot charge any more than the market price.
III. will earn less profit if they charge less than the market price.

• A) I only
• B) I and III only
• C) II only
• D) I, II, and III

Distinguish between micro, mezzo, and macro levels in social work practice.

Describe the process involved in policy practice, including the implementation of changes in legislative, agency, and community settings.

Apply critical thinking skills in the evaluation of social work practices and theories.

Understand the roles and functions of a generalist practitioner in linking clients to resources and advocating on their behalf.

---

Definitions:

Deltoid

Refers to the triangular muscle on the shoulder, involved in arm movements and known for its shape.

Circular Sphincter

A circular muscle that constricts or dilates to regulate the passage of substances through an opening in the body, such as the pyloric sphincter in the digestive system.

Peristalsis

The involuntary constriction and relaxation of the muscles of the intestine or another canal, creating wavelike movements that push the contents forward.

Sartorius

A long narrow muscle of the thigh; the longest muscle of the body.