If the market price is below the break-even point, in the long run we should expect
A. firms to enter the industry, market supply to rise, and product price to fall.
B. firms to leave the industry, market supply to rise, and product price to fall.
C. firms to leave the industry, market supply to fall, and product price to rise.
D. no change in the number of firms in this industry.
C. firms to leave the industry, market supply to fall, and product price to rise.
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The part of corporate profits that is paid to the shareholders of a corporation is
A) retained earnings. B) shareholders. C) dividends. D) business revenue.
(Consider This) If the law of diminishing returns applies to study time:
A. the tenth hour of study will likely be less productive than the third. B. this implies that longer lectures are less productive than shorter ones. C. there is no benefit to studying a subject more than five hours in any given day. D. people with less intelligence necessarily experience diminishing returns sooner than those with greater intelligence.