An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?

Related Mcqs:

A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

A. Tax B. Tariff C. Transfer payment D. Subsidy...

An asset set aside for future use is termed as_______________________?

A. Future planning B. Store of value C. Speculation D. None...

The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?

A. Circular flow model B. Cognitive planning C. Centralized planning D. None...

Any resource whose quantity can not be changed by a firm in the short run_______________?

A. Fixed resource B. Variable resource C. Available resource D. Economic resource...

The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?

A. Elasticity of demand B. Import substitution C. Income elasticity of demand D. None...