Which of the Following Is True of Normal Profits

question 96

Multiple Choice

Which of the following is true of normal profits?

• A)They are necessary to keep a firm in the industry in the long run.
• B)They are zero under pure competition in the long run.
• C)They are excluded from a firm's costs of production.
• D)They are what attract other firms to enter an industry.

Differentiate between high self-esteem and narcissism.

Understand the impact of self-esteem on social relationships and social performance.

Recognize the role of self-esteem in career success and job performance.

Appreciate the importance of feedback, both positive and negative, in shaping self-esteem.