For Entry into a Particular Perfectly Competitive Industry to Occur,which

question 100

Multiple Choice

For entry into a particular perfectly competitive industry to occur,which of the following must be true?

• A)Accounting profits are equal to zero
• B)Accounting profits equal economic profits
• C)Economic profits are greater than zero
• D)Economic profits are equal to zero

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Definitions:

Carbonic Acid

A weak acid formed when carbon dioxide is dissolved in water, playing a significant role in the carbon cycle and blood pH regulation.

Carbon

A chemical element with symbol C, atomic number 6, and is the basis of all known life on Earth, found in organic compounds.

Oxygen

A chemical element essential for most life on Earth, involved in cellular respiration and acting as a critical component of the air.

Atomic Mass

The total number of protons and neutrons in an atom; expressed in atomic mass units or daltons.