Suppose a Typical Firm in a Particular Industry Is Making

Multiple Choice

Suppose a typical firm in a particular industry is making positive economic profits. These economic profits

A) reflect a waste of society's scarce resources and reflect inefficient production.
B) signal owners of factors of production to move their resources out of that industry.
C) imply that accounting costs are greater than economic costs in this industry.
D) signal owners of factors of production to move resources into this industry.