Author Question: We can predict that resources will move into an industry whenever (Read 128 times)

Bobvance · **on:** Oct 12, 2022

Question 1

A firm that has two or more owners who share decision-making power and share the firm's profits is called
◦ a corporation.
◦ a joint-stock company.
◦ a partnership.
◦ a non-profit organization.
◦ a single proprietorship.

Question 2

We can predict that resources will move into an industry whenever
◦ economic losses for firms in that industry are minimized.
◦ economic profits for firms in that industry are zero.
◦ accounting profits for firms in that industry are greater than zero.
◦ economic profits for firms in that industry are greater than zero.
◦ accounting profits for firms in that industry are zero.

lhn821 · **Reply #1 on:** Oct 12, 2022

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