Assume firms break even in an industry. New firms ________ attracted to the industry and current ones ________ exiting it.
A) are not; are not
B) are not; are
C) are; are not
D) are; are
Correct Answer:
Verified
Q1: Refer to Scenario 9.2 below to answer
Q3: Refer to Scenario 9.3 below to answer
Q4: Refer to Scenario 9.3 below to answer
Q5: Refer to Scenario 9.3 below to answer
Q6: Refer to Scenario 9.3 below to answer
Q7: Refer to Scenario 9.3 below to answer
Q8: Firms that are "breaking even" are
A) earning
Q9: Refer to Scenario 9.3 below to answer
Q10: Refer to Scenario 9.2 below to answer
Q11: Refer to Scenario 9.4 below to answer
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