A Firm Cannot Control All of the Factors That Allow

question 73

Multiple Choice

A firm cannot control all of the factors that allow it to make economic profits.Which of the following is an example of an uncontrollable factor?

• A)product differentiation
• B)input prices
• C)producing at a lower average total cost than competing firms
• D)hiring competent managers

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Definitions:

Epithelial

Relating to the thin tissue forming the outer layer of a body's surface and lining the alimentary canal and other hollow structures.

Connective

A type of tissue in the body that supports, binds together, or separates other tissues and organs.

Epithelial Cell Surfaces

The outer layers of cells that line the surfaces and cavities of organs, vessels, and the body, serving as a protective barrier.

Folded Surfaces

Structures in biological systems that have been folded to increase their surface area, enhancing their capacity for processes such as absorption or secretion.