A firm earns a normal profit when its:
A)accounting profit is positive.
B)economic profit is positive.
C)economic profit is zero.
D)accounting profit is zero.

Name: A firm earns a normal profit when its: A)accounting profit is positive. B)economic profit is positive. C)economic profit is zero. D)accounting profit is zero.
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

If a firm's economic profit is zero, then it's accounting profit equals its implicit costs, implying that the firm is earning a normal profit.

A Firm Earns a Normal Profit When Its