The Fact That Barriers to Entry Are Low in Competitive

question 168

Multiple Choice

The fact that barriers to entry are low in competitive price-searcher markets means that if current firms are making economic losses,

• A) these losses will remain in the long run because no firms can exit the market.
• B) current firms will exit the market, causing the demand curves that face the remaining firms to increase.
• C) new firms will enter the market, causing the demand curves that face the existing firms to decrease.
• D) new firms will enter the market, causing no change in the demand curves that face the existing firms in the market.

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Definitions:

Flexible Schedules

Employment terms that allow workers to alter their start and end times, accommodating personal needs and increasing job satisfaction.

Child Rearing Responsibilities

Duties and obligations associated with raising and nurturing children, including their education, health, and emotional well-being.

Resentment

A feeling of indignant displeasure or persistent ill will at something regarded as a wrong, insult, or injury.

Sexual Harassment

Unsolicited sexual propositions, solicitations for sexual benefits, and additional verbal or physical sexual harassment.