The Elimination Principle Illustrates the Idea That

question 85

Multiple Choice

The elimination principle illustrates the idea that:

• A) above-normal profits will be eliminated by decreases in demand due to high prices.
• B) losses will be eliminated by the innovation of new products.
• C) above-normal profits will be eliminated by the entry of new firms into the industry.
• D) losses will be eliminated by firms decreasing their costs.

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Definitions:

Fluid-filled Sacs

Structures in organisms, such as bursae or cysts, containing liquid within a membranous enclosure, serving various physiological functions.

Double-Membrane Organelles

Cellular components surrounded by two lipid bilayers, including the nucleus, mitochondria, and chloroplasts in plants, playing various roles in cellular functioning.

Photosynthesis

The method through which green plants and certain organisms utilize sunlight to produce nutrients from carbon dioxide and water, releasing oxygen as a secondary product.

Plastids

Organelles found in the cells of plants and algae that are responsible for photosynthesis, storage of products like starch, and the synthesis of many types of molecules.