If Price Is Above Cost, Then

question 100

Multiple Choice

If price is above cost, then

• A)there are too many firms.
• B)firms will enter the industry.
• C)firms are losing profit.
• D)firms will exit the industry.
• E)average cost is too low.

---

Definitions:

Potential Buyers

Individuals or entities that show interest in purchasing a product or service but have not yet made the decision to buy.

Relative Measure

A comparative metric that evaluates a data point or performance outcome in relation to another baseline or standard.

Emission Output

The total quantity of pollutants released into the environment, often measured in the context of industrial operations or vehicle emissions.

Diesel Fuel

A type of fuel derived from petroleum used in diesel engines, known for its energy efficiency.