The ability of assets to move from lower- to higher-valued uses is the force that moves an industry toward long-run equilibrium. That is, owners of mobile assets will make the same profit no matter where it goes. We call this phenomenon

The ability of assets to move from lower- to higher-valued uses is the force that moves an industry toward long-run equilibrium. That is, owners of mobile assets will make the same profit no matter where it goes. We call this phenomenon

The ability of assets to move from lower- to higher-valued uses is the force that moves an industry toward long-run equilibrium. That is, owners of mobile assets will make the same profit no matter where it goes. We call this phenomenon




a) The Paradigm Effect
b) Equilibration
c) Parkinson's Law
d) The Indifference Principle.



ANS D


Learn More :