When Free Entry Is One of the Attributes of a Market

question 60

Multiple Choice

When free entry is one of the attributes of a market structure,economic profits are:

• A) generally driven to zero in long-run equilibrium.
• B) generally negative for all firms.
• C) generally zero in the short run.
• D) always positive.

Know the significance of headings, sub-headings, and lists in structuring documents and presentations.

Grasp the concept of document editing and the stages at which design considerations come into play.

Understand the foundational concepts and theories of motivation.

Recognize differences and similarities among various motivation theories.