Which of the Following Is True

question 327

Multiple Choice

Which of the following is true?

• A) When firms in a price-taker market are earning zero economic profit, they will shut down.
• B) When firms in a price-taker market are earning positive economic profits, new firms will enter the industry causing the market price to fall until the firms in the industry are earning only zero economic profit.
• C) When firms in a price-taker market are earning economic losses, some firms will exit the industry causing the market price to rise until the remaining firms are earning zero economic profit.
• D) Both b and c are true.

Grasp the concepts of overgeneralization and overregularization errors in language development.

Know the impact of auditory and visual cues on language acquisition.

Comprehend the structural and functional aspects of American Sign Language (ASL).

Recognize the importance of social interaction in language development.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers for goods or services received that have not been paid for.

Current Liability

A company's debts or obligations that are due to be paid to creditors within one year.

Shortage Costs

Expenses incurred from not having enough inventory on hand, including lost sales, backorder processing, and dissatisfied customers.

Carrying Costs

Expenses associated with holding or storing inventory, including insurance, storage, depreciation, and opportunity costs.