In the Long Run,existing Firms Exit a Perfectly Competitive Market

question 63

Multiple Choice

In the long run,existing firms exit a perfectly competitive market

• A) only if economic profits are zero.
• B) if they make a positive economic profit.
• C) if normal profits are greater than zero.
• D) only if they incur an economic loss.
• E) if they either make a normal profit or if they incur an economic loss.

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Definitions:

Targets Of Influence

Targets of influence are individuals or groups on whom an influence attempt is directed, aiming to alter their beliefs, attitudes, or behaviors.

Directive Leaders

Leaders who give specific instructions and expectations, and closely supervise their followers.

Autocratic Style

A leadership approach where decisions are made unilaterally without input from others, with a focus on command and control.

Charismatic Leader

A leadership style characterized by an individual's ability to inspire and motivate others through their personal charm and conviction.