Competition Ensures That If Excessive Profits Are Made,others Will Be

question 67

True/False

Competition ensures that if excessive profits are made,others will be attracted to the industry.

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Definitions:

Optic Nerve

The nerve that transmits visual information from the retina to the brain, allowing for the perception of visual stimuli.

Retina

The sensory membrane that lines the inner surface of the back of the eyeball; contains cells that convert light into neural signals.

Visual Accommodation

The change in the thickness of the lens as the eye focuses on objects that are far away or close.

Lens

In psychology, often referred to metaphorically to describe the way individuals view the world based on their thoughts and experiences.