In the long run, profits will equal zero in a competitive market because of A. constant returns to scale. B. free entry and exit. C. the availability of information. D. identical products being produced by all firms

During recessions a. workers are laid off. b. factories are idle. c. firms may find they are unable to sell all they produce. d. All of the above are correct.

Market failure occurs when a free market is unable to a. distribute resources efficiently. b. provide open opportunity c. meet government regulations. d. encourage innovation

What does it mean to have liability for a company? A. It means your company is late in paying its taxes. B. It means you have a conflict of interest because you are in a position where you can take unfair advantage of your customers. C.

Deflation Group of answer choices increases incomes and enhances the ability of debtors to pay off their debts. increases incomes and reduces the ability of debtors to pay off their debts.

Using an accommodation strategy to resolve a conflict can: (A) force people to work toward achieving their goals at all costs, even if it means sacrificing the relationships involved.

The total amount of money the federal government owes to its creditors is the

Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the

A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event would include a: -loss of $1,080. -gain of $1,080. -credit to the Vehicles account for $3,090.

Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room on the house for $40,000.

Fleet Foot Shoes has been successful at differentiating itself from competitors by claiming a premium price for its athletic footwear based on superior design and high-quality materials.