The Reason Perfect Competition Cannot Generate New Ideas Is That

question 99

Multiple Choice

The reason perfect competition cannot generate new ideas is that:

• A) profits are positive.
• B) perfectly competitive firms have no ideas.
• C) profits are zero.
• D) firms are too small to generate ideas.
• E) revenues are positive.

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Telefacsimile Machine

A device, commonly known as a fax machine, used to send and receive printed documents over a telephone line.

Electronic Signals

Electrical impulses or waves used to transmit information over distances, through wires, air, or other media.

Fax Machine

A device that transmits scanned printed material (both text and images) to a telephone number connected to a printer or other output device.

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Extensible Markup Language, a flexible language that facilitates the sharing of structured data across different information systems.