In Perfectly Competitive Markets,economic Profits

question 186

Multiple Choice

In perfectly competitive markets,economic profits

• A)send a signal to other producers to enter the market.
• B)will decrease the industry supply curve.
• C)could also be called explicit costs.
• D)will increase the industry demand curve.

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Definitions:

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A state of well-being characterized by emotions ranging from contentment to intense joy.

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In classical conditioning, a stimulus that unconditionally— naturally and automatically— triggers an unconditioned response (UR).

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