True/False
There is no reason for a competitive firm to stay in business if it is making zero economic profit.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q31: Sunk costs cannot affect a firm's short-run
Q32: In a long-run competitive equilibrium,both more efficient
Q33: A competitive firm will exit an industry
Q34: Which of the following could cause an
Q35: Consider the following:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7494/.jpg" alt="Consider the
Q37: When a competitive firm earns zero profit,the
Q38: A perfectly competitive firm is one that
Q39: In the short run<br>A) firms can enter
Q40: A firm that has not shut down
Q41: Industry's supply curves tend to be less