In the Long Run,the Exit of Firms from a Perfectly

question 234

Multiple Choice

In the long run,the exit of firms from a perfectly competitive market is caused by

• A)a steeper demand curve constraining the firm
• B)normal profits
• C)economic losses
• D)antitrust enforcement
• E)government policy

---

Definitions:

Production Department

The division within an organization responsible for manufacturing its products or services, involving the transformation of raw materials into finished goods.

Reward Systems

Structures and policies within an organization designed to incentivize and recognize employee performance and achievements.

Personal Goal Setting

The practice of identifying specific, measurable, achievable, relevant, and time-bound objectives that one wishes to accomplish within a certain timeframe.

Constructive Thought Patterns

Cognitive processes that are positive, productive, and conducive to finding solutions and fostering personal growth.