If in the Long Run a Firm Makes Zero Profit

question 130

True/False

If in the long run a firm makes zero profit, it should exit the industry.

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Definitions:

Hostile Takeover

An acquisition in which the company being purchased does not want to be bought or is unaware of the purchase attempt.

Realistic Job Preview

A tool used by employers to give prospective employees a truthful view of the job duties and environment before hiring.

Water Purification

The process of removing contaminants, bacteria, and other harmful substances from water, making it safe for drinking and use.

External Recruitment

A hiring process where an organization seeks candidates from outside its current workforce.