menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 45
  4. Exam
    Exam 11: Pure Competition in the Long Run
  5. Question
    Competitive Firms Will Always Try to Earn More Than a Normal
Solved

Competitive Firms Will Always Try to Earn More Than a Normal

Question 133

Question 133

Multiple Choice

Competitive firms will always try to earn more than a normal profit by doing the following except


A) adopting better production technology.
B) improving their business organization and operation.
C) developing new products.
D) raising the prices of their existing products.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The accompanying graphs

Q129: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The provided graph

Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The diagram shows

Q131: The short-run supply curve of a purely

Q132: Suppose that the corn market is purely

Q134: Which would indicate that a firm is

Q135: From the viewpoint of a firm, competition

Q136: Producer surplus is the difference between the

Q137: In the context of analyzing economic efficiency,

Q138: Suppose that a competitive firm finds that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines