The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
-Which of the following is an industry without significant barriers to entry?
Definitions:
Ordinary Income
Income earned from standard operations of a business or through wages, as opposed to capital gains or investment income.
Profitability of Operations
An assessment of how efficiently a company generates profit from its core business activities, excluding peripheral activities.
EBIT
An indicator of company profit, Earnings Before Interest and Taxes, which omits the costs related to interest and taxes.
Trade Credit
A financing arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.
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