Low Barriers to Entry and Exit Mean That in the ________

question 149

Multiple Choice

Low barriers to entry and exit mean that in the ________ run for monopolistically competitive firms,it is ________ to generate economic profit.

• A) short; possible
• B) short; impossible
• C) long; possible
• D) long; impossible
• E) long; likely

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Definitions:

Savings And Loan

Financial institutions that primarily focus on accepting savings deposits and making mortgage and other loans.

Nonbanking Activities

Financial services and transactions conducted by institutions that are not traditional, regulated banks, such as insurance, investments, and real estate.

Ecologically Safer

Practices or products designed to minimize environmental harm and promote sustainability.

Insurance Industry

A sector of the economy focused on providing protection against financial losses from various risks, offering policies for health, life, property, and more.