When Firms Are Neither Entering nor Exiting a Perfectly Competitive

question 184

Multiple Choice

When firms are neither entering nor exiting a perfectly competitive market:

• A)total cost must exceed total revenue
• B)economic profits must be zero
• C)banks must be unprepared to forgive bad debts
• D)regulations to enter the market must be very onerous

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Definitions:

Hostile Work Environment

A situation in a workplace where an employee experiences harassment or discrimination, making it difficult to work.

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

Comprehensive legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, initially enacted in 1964.

Harassment Prevention

Strategies and measures implemented by organizations to protect employees from unwanted and inappropriate behaviors.