Firms That Operate in Competitive Product Markets and Choose to Practice

question 406

Multiple Choice

Firms that operate in competitive product markets and choose to practice discrimination in hiring workers

• A)will survive if they increase production and garner a larger market share.
• B)will eventually earn zero economic profits.
• C)will survive as long as they are willing to have a smaller market share.
• D)are likely to eventually go out of business.

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Definitions:

Rotational Motions

The movement of a body around a fixed point or axis, common in molecules resulting in specific spectroscopic behaviors.

Absorption

The process by which one substance takes up another substance through physical or chemical means.

Frequency Values

Numbers that represent the rate at which a periodic or cyclic process occurs, often measured in hertz (Hz).

Hertz

The unit of frequency in the International System of Units (SI), defined as one cycle per second.