Page 37 - BUSINESS COMMUNIQUE ver. 2
P. 37
✧ Which of the following is a characteristic of a public good?
C) Non-rivalry and
A) Rivalry in consumption
non-excludability
B) Excludability D) High production cost
✧ In a perfectly competitive market context, what happens in
the long run?
A) Firms earn C) Firms make zero economic
supernormal profits profit
B) Firms operate at a D) Firms exit the market
loss
Which of the following is considered as a leakage in the
economy?
A) Investments C) Savings
B) Government Spendings D) Exports
CURATED BY :
Shaba Ramanatt Riti Mankad
36
