When resources are earning zero economic profits for a firm,the resources could earn more in their next best alternative use.

Name: When resources are earning zero economic profits for a firm,the resources could earn more in their next best alternative use.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

Zero economic profit means a firm is covering all its costs, including opportunity costs, so the resources are earning exactly what they would in their next best alternative use.

When Resources Are Earning Zero Economic Profits for a Firm,the