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:

Government-Funded Highways

Roads and transport routes built and maintained by the government using public funds.

Mass Transit

A system of large-scale public transportation in a city or metropolitan area, designed to move large numbers of people efficiently.

Urban Sprawl

The uncontrolled expansion of urban areas into the surrounding countryside, often characterized by low-density residential development.

New Urbanism

An urban design movement that promotes environmentally friendly habits by creating walkable neighborhoods containing a wide range of housing and job types.