According to the Elimination Principle

question 74

Multiple Choice

According to the elimination principle:

• A) above-normal profits are eliminated by exit.
• B) below-normal profits are eliminated by entry.
• C) there is a uniform rate of profit above the normal level in all competitive industries.
• D) resources are always moving toward an increase in consumer welfare.

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Definitions:

Child's Name

The personal identifier officially given to a child at birth or through legal change, which they are commonly referred to by.

Parental Grief

The profound sorrow experienced by parents upon the death of their child.

Express Grief

The act of showing sorrow or sadness that comes from losing someone or something important.

Spontaneous Abortion

Also called miscarriage—expulsion of a fetus from the womb before it is sufficiently developed to survive.