Multiple Choice
When firms in a competitive market are experiencing zero economic profits,this is an indication that
A) They should be producing a different product.
B) There is currently no better way to use society's scarce resources.
C) They will eventually go bankrupt.
Correct Answer:
Verified
Related Questions
Q47: Technological improvements cause
A)ATC to shift down.
B)The supply
Q48: Which characteristic of competitive markets permits society
Q49: If price is above the long-run competitive
Q50: Marginal cost pricing means that a firm
A)Produces
