Multiple Choice
When a profit-maximizing firm in a competitive market has zero economic profit, accounting profit
A) is negative.
B) is at least zero.
C) is also zero.
D) could be positive, negative or zero.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q55: A competitive firm sells 100 units of
Q156: If some resources used in the production
Q161: In the short run, a firm should
Q236: The short-run supply curve in a competitive
Q367: A competitive firm has been selling its
Q369: Figure 14-13<br>Suppose a firm in a competitive
Q371: In a market with a fixed number
Q373: The exit of existing firms from a
Q374: In the long run the market supply<br>A)must
Q375: Table 14-16<br>The table represents the demand information