Markets with Hit-And-Run Entry and Exit Experience

question 41

Multiple Choice

Markets with hit-and-run entry and exit experience

• A) barriers to entry.
• B) firms entering whenever they can make a profit and exiting when they cannot make a profit.
• C) steady long-run economic profit.
• D) a very steady number of firms.

---

Definitions:

Evolutionary Mating

A theory suggesting that the patterns of dating, courtship, and sexual behavior are driven by innate biological instincts developed through natural selection to ensure reproductive success.

Emotional Experience

The complex response of the emotional (affective) component of the personality to an emotional stimulus, involving various physiological, behavioral, and cognitive changes.

Hooking Up

Sexual encounters with a nonromantic partner, often a friend.

Erotophilic

describes an individual with a positive attitude towards sexuality and sexual activity.