Competitive Firms Will Always Try to Earn More Than a Normal

question 162

Multiple Choice

Competitive firms will always try to earn more than a normal profit by doing the following except

• A) adopting better production technology.
• B) improving their business organization and operation.
• C) developing new products.
• D) raising the prices of their existing products.

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Definitions:

Nematocysts

Specialized cells in the tentacles of cnidarians such as jellyfish, used for capturing prey and defense through the release of toxins.

Cnidarian

Invertebrates existing as either a polyp or medusa, with two tissue layers and radial symmetry.

Muscle and Nerve Fibers

Specialized cells within the body, muscle fibers responsible for contraction and motion, and nerve fibers responsible for transmitting electrical impulses.

Portuguese Man-of-War

A marine cnidarian known for its venomous tentacles, which it uses to capture prey.