The Dynamic Process of Competition

question 261

Multiple Choice

The dynamic process of competition

• A) is hindered by the self-interest of business decision makers.
• B) puts the profit motive of sellers to work for buyers.
• C) conflicts with the interest of consumers when businesses pursue profit rather than the public interest.
• D) will permit business decision makers to earn long-run economic profit unless they are regulated by government.

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Definitions:

Unpaid Dividends

Dividends that have been declared by a company’s board of directors but have not yet been paid out to shareholders.