Which of the Following Is True for Firms That Produce

question 112

Multiple Choice

Which of the following is true for firms that produce in markets where there are no barriers to entry?

• A) The firms will always make positive economic profits in the long run.
• B) The firms will always make positive economic profits in the short run.
• C) The firms will always make zero economic profits in the short run.
• D) The firms will always make zero economic profits in the long run.

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Definitions:

Differentiation

The process by which cells or tissues undergo a change toward a more specialized form or function, often in the context of developmental biology.

Migration

The movement of individuals or groups from one location to another, often seasonally or for living conditions.

Cell Adhesion Molecule

Proteins located on the cell surface involved in binding with other cells or with the extracellular matrix in the processes of cell adhesion.

Tropic Molecule

Signaling molecule that attracts or repels growth cones.