When the Macroeconomy Is Doing Poorly (As It Was in 2009),profits

question 17

True/False

When the macroeconomy is doing poorly (as it was in 2009),profits of existing firms decrease,creating an incentive for existing firms to exit unprofitable markets.This in turn makes it more difficult for the remaining firms to mark up price over average or marginal cost.

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Self-esteem

An individual's subjective evaluation of their own worth or abilities.

Rejuvenating

The process of making someone or something look or feel better, younger, or more vital.

Ostracism

The exclusion or rejection of a person or group from social interaction, conversation, or inclusion in a group.

Collective Tasks

Tasks that require the efforts and cooperation of multiple individuals or groups to achieve a common goal.