If a firm makes zero economic profit,then the firm
A) has no incentive to stay in the industry.
B) is better off exiting the industry.
C) is indifferent between staying and exiting the industry.
D) will shut down.
Correct Answer:
Verified
Q32: If transaction costs are high,then it is
Q33: In a competitive market where the elasticity
Q34: In a competitive market,one would expect to
Q35: All else equal,a smaller elasticity of the
Q36: A market is perfectly competitive even if
Q38: A small business owner earns $60,000 in
Q39: In a competitive market where the elasticity
Q40: If a firm makes zero economic profit,then
Q41: If a profit-maximizing firm finds that,at its
Q42: 
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