Does the profit and loss system force movie by Dr. Robert Murphy

Question 85 / 96: Does the profit and loss system force movie theaters to stay open on Christmas? Explain.

Answer:

No, the owners of theaters always have the ability to keep them

closed on holidays. Yet very few owners exercise this right,

because it is so profitable to have movies open on holidays. The

profit and loss system communicates to the owners how much

people want to watch movies on their holiday breaks.

Sample Partial Credit Answer

No, they can close down if they want to.

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https://www.jobilize.com/capitalism-the-market-economy-by-dr-robert-murphy-mises

Capitalism: The Market Economy

Access: Public Peer Review

Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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