If Firms in a Competitive Market Are Making Positive Economic

question 48

Multiple Choice

If firms in a competitive market are making positive economic profits,you would expect firms to:

• A) enter the market, causing the demand curve to shift to the right.
• B) enter the market, causing the demand curve to shift to the left.
• C) enter the market, causing the market supply curve to shift to the right.
• D) enter the market, causing the market supply curve to shift to the left.
• E) leave the market, causing the market supply curve to shift to the left.

---

Definitions:

Workforce Analytics

The use of data analytics techniques to analyze workforce data and insights to improve HR decision-making and strategies.

Candidate Success

The achievement of a job applicant in securing a position and subsequently performing successfully in that role, often influenced by the recruitment process and organizational support.

HR Analytics

An evidence-based approach for making better decisions about employees and HR policies, using a variety of tools to report HR metrics and to predict outcomes of HR programs.

Workforce Analytics

The use of statistical methods and analytical tools to analyze employee data and improve organizational decisions, workforce planning, and HR policies.