Markets with Hit-And-Run Entry and Exit Experience

question 41

Multiple Choice

Markets with hit-and-run entry and exit experience

• A) barriers to entry.
• B) firms entering whenever they can make a profit and exiting when they cannot make a profit.
• C) steady long-run economic profit.
• D) a very steady number of firms.

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Definitions:

Scientific

Relating to or based on the systematic and empirical study of the natural world through observation and experiment.

Sexual Behaviors

Actions or practices related to the pursuit of sexual pleasure or reproduction.

Cause-and-Effect Relationships

The relationship between events where one or more are the cause of the other(s), establishing a connection between a condition or event and its outcome or consequences.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.