When Entry Barriers Are Low, Firms in a Competitive Price-Searcher

question 125

Multiple Choice

When entry barriers are low, firms in a competitive price-searcher market

• A) can expect many new rivals to enter regardless of current profitability.
• B) can expect competing firms to enter the market if the activity is profitable.
• C) can never earn economic profit.
• D) will always be able to earn economic profit.

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Definitions:

Transgender Status

The state or condition of identifying with a gender that does not correspond to one's assigned sex at birth.

Born

The act or process of being given birth to, indicating the commencement of life.

Intersex

A general term used for a variety of conditions in which a person is born with reproductive or sexual anatomy that doesn't fit typical definitions of female or male.

Androgen Insensitivity Syndrome

A genetic condition where a person who is genetically male is resistant to male hormones (androgens), leading to the development of female physical traits despite having male XY chromosomes.