If perfect competitors are making profits

A) new firms will enter the industry and market price will fall.
B) new firms will enter the industry and market price will rise.
C) firms will leave the industry and market price will rise.
D) firms will leave the industry and market price will fall.

Functional departmentation refers to the grouping of individuals by skill, knowledge, and action.

Business risk declines as the systematic risk of a firm's assets increases.

Lucy asks for a $5,000 raise, but her boss says that the most he will agree to is $3,500. In all honesty, Lucy would have been happy with even a $1,000 raise. Which of the following is true?

A) Lucy is likely to accept the raise because it fell within the ZOPA.
B) Lucy is likely to accept the raise because it fell outside the ZOPA.
C) Lucy is likely to accept the raise because it was worse than the BATNA.
D) Lucy is likely to reject the raise because it fell inside the ZOPA.