​The Main Reason(s)firms in a Competitive Market Cannot Earn Positive

question 22

Multiple Choice

​The main reason(s) firms in a competitive market cannot earn positive profits in the long run is(are)

• A)​assets can quickly move in and out of the industry when demand fluctuates
• B)an increase in demand leads to entry of firms which absorb the extra demand
• C)a decrease in demand leads to exit of firms from the market such that there is no surplus
• D)​all of the above

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Definitions:

Health Assessment

The comprehensive evaluation of a person’s physical, psychological, and social health status, performed by a healthcare professional.

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A comb with very close-set teeth used for detailed grooming or searching through something thoroughly.

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A hair treatment using diluted vinegar, typically apple cider vinegar, to clean the scalp, restore natural pH levels, and add shine to hair.