When a perfectly competitive firm experiences positive economic profits
A) the high barriers to entry prevent further competition.
B) existing firms exit the industry.
C) additional firms enter the industry.
D) firms have no incentive to exit or enter the industry.
C
Economics
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Which of the following is not a correct statement about individual and group preferences?
a. Individuals have preferences b. Groups have preferences c. Individuals within groups have preferences d. Groups make collective decisions on behalf of their members
Economics
The type of contract selected depends on the information available to the parties
Indicate whether the statement is true or false
Economics