-In the Above Figure, at a Price of $8, a Perfectly

question 286

Multiple Choice

-In the above figure, at a price of $8, a perfectly competitive firm produces ________ and it ________.

• A) 0; incurs an economic loss
• B) 0; makes zero economic profit
• C) some output; makes zero economic profit
• D) some output; makes an economic profit

---

Definitions:

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, showing the equity interest in a subsidiary held by minority shareholders.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Deferred Taxes

are taxes that are accumulated due to temporary differences between the accounting income and taxable income, and will be paid or received in the future.

Consolidated Statement

Financial statements that aggregate the financials of a parent company and its subsidiaries, presenting the finances as if the group were a single entity.