When Profit-Maximizing Firms in Competitive Markets Are Earning Profits

question 166

Multiple Choice

When profit-maximizing firms in competitive markets are earning profits,

• A)market demand must exceed market supply at the market equilibrium price.
• B)market supply must exceed market demand at the market equilibrium price.
• C)new firms will enter the market.
• D)the most inefficient firms will be encouraged to leave the market.

---

Definitions:

Conflict Strategies

Methods or approaches used to handle or resolve disagreements and disputes.

Conflict Strategy

An approach or plan developed to navigate or resolve a disagreement or dispute.

Factors

Elements or conditions that contribute to a result or outcome.

Survey Of Communication Styles

An analysis or assessment focused on identifying and understanding the various ways individuals express and exchange information.