When a firm in a competitive market is earning profits, this indicates that the firm is
A) exploiting consumers.
B) increasing the value of resources.
C) blocking the entry of competing firms.
D) reducing overall wealth in the market.
Correct Answer:
Verified
Q124: Suppose the development of new drought-resistant hybrid
Q125: A competitive price-taker firm would be willing
Q126: If a firm is losing money, this
Q127: A competitive price-taker market in long-run equilibrium
Q128: The entry of new firms into a
Q130: When profits occur in a competitive market,
Q131: The exit of existing firms from a
Q132: The market for a competitive price-taker market
Q133: In a price-taker market, economic losses indicate
Q134: If profit-seeking entrepreneurs are going to be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents