The elimination principle states that ______ normal profits are eliminated by ______, and ______ normal profits are eliminated by ______.
A) above-; prices; below-; costs
B) below-; prices; above-; costs
C) below-; entry; above-; exit
D) above-; entry; below-; exit
Correct Answer:
Verified
Q78: The Invisible Hand Property 2 suggests that:
A)
Q79: Table: Profit Margins Q80: If P < AC in a given Q81: If a firm has revenues of $100, Q82: The elimination principle, a general feature of Q84: If a firm has revenues of $100, Q85: If there are below-normal short run profits Q86: "[I]n capitalist reality as distinguished from its Q87: Which of the following best illustrates the Q88: Change:
A) is constant in a free market.
B)
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