Solved

When an Economist States That a Firm Is Earning Zero

Question 179

Multiple Choice

When an economist states that a firm is earning zero economic profit, this statement implies that the firm


A) will be forced out of business unless market conditions change.
B) is doing as well as it could in any other line of business.
C) is earning a zero rate of return on its assets.
D) could earn a higher rate of return in other industries.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents