Competitive Firms Will Always Try to Earn More Than a Normal

question 133

Multiple Choice

Competitive firms will always try to earn more than a normal profit by doing the following except

• A)adopting better production technology.
• B)improving their business organization and operation.
• C)developing new products.
• D)raising the prices of their existing products.

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Definitions:

Cholecystectomy

A medical operation to excise the gallbladder.

Hematopoietic System

The organs and tissues involved in the production of blood cells, including the bone marrow, spleen, and lymph nodes.

Gonads

The primary reproductive organs, testes in males and ovaries in females, that produce gametes and sex hormones.

Leukemia

A type of cancer that affects blood and bone marrow, characterized by the overproduction of abnormal white blood cells.