Which of the Following Is True of Normal Profits

question 42

Multiple Choice

Which of the following is true of normal profits?

• A)They are necessary to keep a firm in the industry in the long run.
• B)They are zero under pure competition in the long run.
• C)They are excluded from a firm's costs of production.
• D)They are what attract other firms to enter an industry.

Distinguish between civil and criminal law, as well as public and private law, in the context of legal disputes.

Identify and explain the purposes of legal rules and the role of law in society.

Apply critical-thinking skills to legal issues and case analysis.

Know where to find applicable laws for specific legal problems and the hierarchy of law sources.

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Definitions:

Nutritional Point

indicates a specific guideline or piece of advice regarding diet and nutrition aimed at promoting health or managing a health condition.

Imbalanced Nutrition

A state where an individual's dietary intake does not provide the necessary nutrients for healthy bodily functions or exceeds the needed amounts, leading to health issues.

Fibre Intake

The consumption of dietary fiber, which is the indigestible parts of plant foods that aids in digestion and promotes bowel health.

Encourage Weight Gain

Advising or supporting a person to increase their body weight, often due to health concerns or recovery from undernutrition.