Multiple Choice
If a perfectly competitive seller is maximizing profit and is making zero economic profit,which of the following will this seller do?
A) go to work in the next-best earning opportunity
B) shut down, with a loss equal to total fixed cost
C) continue at the current output, making zero economic profit
D) increase production in order to make an economic profit
E) remain open but decrease production in order to make an economic profit
Correct Answer:
Verified
Correct Answer:
Verified
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