There are many reasons why a firm can earn above-normal profits.These reasons include all of the following except:
A)access to superior labor or managerial talents
B)superior access to financial resources at lower costs
C)patent control of superior product designs
D)ability of new firms to acquire necessary factors of production

Question

Quizplus · Accepted Answer

The ability of new firms to acquire necessary factors of production is a factor that can make it more difficult for a firm to earn above-normal profits, as increased competition can drive down prices and reduce profit margins. Access to superior labor or managerial talents, superior access to financial resources at lower costs, and patent control of superior product designs are all factors that can give a firm a competitive advantage and allow it to earn above-normal profits.

There Are Many Reasons Why a Firm Can Earn Above-Normal