For Years, Economists Believed That Market Structure Explained the Ability

question 199

Multiple Choice

For years, economists believed that market structure explained the ability of some firms to earn economic profits.Today, economists and business strategists put greater emphasis on

• A)the number of years a firm has been in business and the average price of the products sold by the firm.
• B)the number of countries in which a firm conducts business and the number of employees the firm has in each country.
• C)the characteristics of individual firms and the strategies their managements use to continue to earn economic profits.
• D)the size of a firm relative to the industry average and the number of firms in the domestic industry.

---

Definitions:

Negative Communication

Interactions that convey criticism, contempt, defensiveness, or stonewalling, often leading to relationship deterioration.

Generalize

To make broad statements or conclusions that extend beyond the original data or observations, applying them to larger groups or situations.

Carrying The Bride

is a traditional act involving a groom physically lifting and carrying his bride, often across the threshold of their new home, symbolizing the start of their new life together.

Threshold

The level or point at which something starts or changes, often used metaphorically for the starting point of an action or experience.