Which of the following statements are TRUE? A firm's entry/exit decision is about: I. whether profits are positive or negative now. II. whether the stream of future profits is positive or negative. III. government regulations.

Whether profits are positive or negative now

II. Whether the stream of future profits is positive or negative

Explanation:

It should be noted that In a perfectly competitive industry in the long​ run, there'll be new firms that will enter the market when the already existing firms are making profit.

In the case of a loss, there'll be an exit. Therefore, the true is that a firm's entry or exit decision is about whether profits are positive or negative now and also whether the stream of future profits is positive or negative.

Therefore, the correct option is and II

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.