The signal for new firms to join an industry is
A) economic profits.
B) normal profits.
C) accounting profits.
D) economic losses.
E) when economic profits exceed accounting profits.
Correct Answer:
Verified
Q38: Q39: Q40: If the owners of a business are Q41: If accounting profit is positive,then Q42: Accounting profit minus economic profit equals Q44: If an industry experiences an increase in Q45: Harvey quit his job at the University Q46: If total revenue covers explicit costs but Q47: Economic profit Q48: If all firms in a perfectly competitive
A) economic profit
A) zero.
B)
A) includes only explicit costs.
B) has
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