Which of the Following Is Least Likely a Characteristic of Profit

question 15

Multiple Choice

Which of the following is least likely a characteristic of profit persistence in an industry?

• A)Entry barriers exist
• B)Economic profits should quickly converge to zero
• C)Barriers to imitation exist
• D)Firms earning above-average profits today should continue to do so in the future
• E)Low profit firms today should remain low-profit firms in the future