A manufacturer would likely make an ___________ in a market following the long-run process of beginning and expanding production in response to ________________ .
A. accounting profit; a strategy to grow profits
B. accounting profit; an incentive for profit
C. entry; a sustained pattern of profits
D. entry; an incentive to add to profits
Answer:C
A manufacturer would likely make an ___________ in a market following the long-run process of beginning and expanding production in response to ________________ .
A. accounting profit; a strategy to grow profits B. accounting profit; an incentive for profit C. entry; a sustained pattern of profits D. entry; an incentive to add to profits
Explanation: 6. When a business adopts a strategy of reducing and/or discontinuing production in response to a sustained pattern of losses, it is