It Is Not Possible for the Marginal Firm in a Competitive

question 114

True/False

It is not possible for the marginal firm in a competitive market to make an economic profit in the long-run.

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Definitions:

Human Resources

The department within an organization that is responsible for hiring, training, managing, and supporting its workforce.

Transactional Work

Routine, day-to-day tasks that support the basic operations of a business, typically requiring less creativity and more process-oriented skills.

HR Department

The department within an organization responsible for activities related to employees, including hiring, training, compliance, and benefits.

Rule Based

A system or approach that applies predefined rules to decision-making, often used in programming and policy implementation.