In Short-Run Competitive Equilibrium, Which of the Following Is Always

question 168

Multiple Choice

In short-run competitive equilibrium, which of the following is always true?

• A) ​Profit equals zero.
• B) ​Profit can be negative, zero, or positive.
• C) ​Profit can be zero or positive, but not negative.
• D) ​Profit is positive, otherwise firms would not produce. ​

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Definitions:

Sieve Elements

Specialized cells in the phloem of vascular plants that are involved in the transport of sugars and nutrients.

Sink Cells

Cells that act as a metabolic or storage sink, usually absorbing and storing nutrients transported from source cells in an organism.

Source Cells

Cells that provide or have the potential to provide necessary components or functions for repair or growth, often referring to stem cells.

Humus

Organic component of soil formed by the decomposition of leaves and other plant materials by soil microorganisms.