As Long as There Is Free Entry into a Market

question 60

Multiple Choice

As long as there is free entry into a market:

• A)firms in that market can sustain prices above average total cost.
• B)firms in that market can maintain market power.
• C)economic profits are not sustainable.
• D)accounting profits will be zero.

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Definitions:

Organizational Psychologists

Professionals who apply psychological principles and research methods to improve the work environment, employee satisfaction, and productivity.

Employee Engagement

The degree to which employees feel passionate about their jobs, are committed to the organization, and put discretionary effort into their work.

Work Environments

The physical and social settings in which people perform their jobs, which can significantly affect their performance and well-being.

Charisma

A personal quality that gives an individual influence or authority over large numbers of people.