In the Long Run, Profitability of the Existing Firms Encourages

question 112

Multiple Choice

In the long run, profitability of the existing firms encourages:

• A) the exit of existing firms and therefore the demand for existing firms will increase.
• B) the entry of new firms and therefore the demand for existing firms will decrease.
• C) the entry of new firms and therefore the demand for existing firms will increase.
• D) the entry of new firms and therefore the demand for existing firms will stay the same.

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Definitions:

Relocation Stress Syndrome

A psychological condition characterized by anxiety, confusion, and possible depression resulting from moving from one environment to another.

Risk-Prone Health Behavior

Behaviors or practices that increase the likelihood of developing health problems or complications.

Sleep Deprivation

A condition resulting from insufficient sleep, which can lead to a variety of cognitive, emotional, and physical impairments.

Ineffective Protection

A state or condition wherein an individual is unable to guard against internal or external factors that can cause harm or injury.