According to the Elimination Principle

question 74

Multiple Choice

According to the elimination principle:

• A) above-normal profits are eliminated by exit.
• B) below-normal profits are eliminated by entry.
• C) there is a uniform rate of profit above the normal level in all competitive industries.
• D) resources are always moving toward an increase in consumer welfare.

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Definitions:

Oblique Muscle

Oblique muscles refer to the muscles located on the sides of the abdomen, involved in rotating and side-bending the torso, which are divided into internal and external obliques.

Rectus Abdominis

A major muscle in the front of the abdomen, involved in moving the body between the ribcage and the pelvis and famously known as the "six-pack" muscle.

Overstretching

The act of extending muscles, tendons, or limbs beyond their normal capacity, which can lead to injury.

Contusion

A bruise caused by a blunt force injury that damages blood vessels under the skin without breaking the skin surface.