Unlike Monopolists, Perfectly Competitive Firms Do Not Wish to Earn

question 12

True/False

Unlike monopolists, perfectly competitive firms do not wish to earn economic profit.

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Definitions:

Exploitation

The action or fact of treating someone unfairly in order to benefit from their work or resources.

Privilege

Unearned advantage accorded to members of dominant social groups (males, whites, heterosexuals, the physically able, etc.).

Unearned

Income or benefits received without a direct exchange of goods or services, such as inheritance, gifts, or subsidies.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, supporting adaptability and survival.