In Maslow's Hierarchy of Needs, what is the level that is least likely to be achieved?

a. Physiological
b. Safety and security
c. Belongingness
d. Self-actualization

D

Economics

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Why does a monopolistic competitor earn zero economic profits in the long run?

What will be an ideal response?

Economics

The president of Toyota's Georgetown plant was quoted as saying, "Demand for high volumes saps your energy. Over a period of time, it eroded our focus [and] thinned out the expertise and knowledge we painstakingly built up over the years"

This quote suggests that A) as Toyota expanded its capacity, it experienced diseconomies of scale. B) Toyota was focused on "churning" out cars for which it did not invest sufficiently in training its workers. C) high demand for Toyota's cars prevented the company from focusing on its strength: auto design. D) Toyota was experiencing an excess demand for its automobiles which it had difficulty keeping up with.

Economics