Multiple Choice
If Firm A is making zero economic profits,
A) Firm A is also making negative accounting profits.
B) Firm A is breaking even when opportunity cost is taken into consideration.
C) other firms want to enter the market.
D) Firm A wants to leave the market.
E) Firm A wants to shut down in the short run.
Correct Answer:

Verified
Correct Answer:
Verified
Q60: When marginal revenue equals marginal cost<br>A) profits
Q61: Refer to the accompanying figure to answer
Q62: Refer to the accompanying figure to answer
Q63: Many economists believe that the market for
Q64: Which characteristic of competitive markets is mainly
Q66: Under perfect competition what would happen to
Q67: If firms in a competitive market are
Q68: A good economist will ignore _ and
Q69: When revenue is insufficient to cover cost,the
Q70: When firms enter a market,the _-run market