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

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Definitions:

Chronic Problems

Issues or conditions that are persistent and long-lasting, often requiring ongoing management or intervention.

Alcohol

A chemical compound, ethyl alcohol or ethanol, commonly found in beverages such as beer, wine, and spirits, and consumed for its psychoactive effects.

Drugs

Substances used for medical treatment or substances that cause changes in perception, mood, consciousness, and behavior when consumed.

Domestic Problems

Issues or conflicts arising within the home or family sphere, which could impact an individual's emotional well-being, productivity, or professional life.