Solved

When an Economist Says a Firm Is Earning Zero Economic

Question 194

Multiple Choice

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


A) will be forced out of business in the near future unless market conditions change.
B) is earning a zero rate of return on its assets.
C) is earning as high a rate of return now as could be earned in other industries.
D) has an accounting profit of zero.

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