When There Are Significant Barriers to Entry and There Are

question 16

Multiple Choice

When there are significant barriers to entry and there are few firms in the industry

• A)economic profit will continue for the firms in the industry.
• B)economic profit will go to zero.
• C)normal profit will be garnered by the firms.
• D)at least one will exit until the economic profit disappears.

---

Definitions:

Elicit

To provoke or draw out a response, answer, or fact from someone in reaction to one's own actions or questions.

Attack Response

A behavioral or physiological reaction by an organism to a perceived threat, often involving defense mechanisms or retaliation.

Thymus

A small organ in the upper chest where T lymphocytes mature and differentiate, crucial for the adaptive immune system.

Adrenal Gland

A pair of endocrine glands located above the kidneys, producing hormones such as adrenaline and steroids, affecting metabolism, blood pressure, and stress response.