The Primary Force Encouraging the Entry of New Firms into a Purely

question 145

Multiple Choice

The primary force encouraging the entry of new firms into a purely competitive industry is

• A)normal profits earned by firms already in the industry.
• B)economic profits earned by firms already in the industry.
• C)government subsidies for start-up firms.
• D)a desire to provide goods for the betterment of society.

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Definitions:

Sleep Schedule

A routine or plan that determines the timing of when a person goes to sleep and wakes up.

Attachment Theory

A psychological model that describes the dynamics of long-term and short-term interpersonal relationships between humans, particularly focusing on how parent-child relationships influence development.

Theorist

An individual who formulates, describes, and explains theories, especially in a given field.

Goodness Of Fit

The compatibility between a child’s temperament and their environment, especially the parent’s temperament and child-rearing methods; the greater the degree of match, the more favorable the child’s adjustment.