Multiple Choice
The signal for new firms to join an industry is
A) economic profits.
B) normal profits.
C) accounting profits.
D) economic losses.
E) when economic profits exceed accounting profits.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Accounting profit is<br>A) the only measure of
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Use the data
Q32: For a price-taking firm in a competitive
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Use the data
Q34: Economic rent<br>A) is always positive.<br>B) is driven
Q36: For entry into a particular perfectly competitive
Q37: If a price-taking firm that belongs to
Q38: If all firms in a perfectly competitive
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q40: When total revenue is less than the