The existence of economic profits in a competitive market
A) will attract competitors.
B) is usually against the law.
C) allows firms to create monopolies.
D) results in normality.
E) increases negative economic net worth.
Correct Answer:
Verified
Q47: If a firm has total revenue of
Q48: The addition to a business firm's total
Q49: When Ford Motor Company reports that it
Q50: Normal profits refer to
A) fixed costs.
B) variable
Q51: Scenario 5.1
A dentist's practice is organized as
Q53: A firm earns an economic profit when
Q54: If the marginal costs exceed marginal revenue,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents