In the Long-Run,which of the Following Outcomes Is Most Likely

question 56

Multiple Choice

In the long-run,which of the following outcomes is most likely for a firm?

• A)Zero accounting profits but positive economic profits.
• B)Zero accounting profits.
• C)Positive accounting profits and positive economic profits.
• D)Zero economic profits but positive accounting profits.

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Definitions:

Practicality

The aspect of being sensible, realistic, and focused on what is achievable and efficient in real-world situations.

Educational Background

Refers to the formal schooling, degrees, and certifications completed by an individual.

Application Form

A form that is used to collect information from a person applying for a job, a loan, or some other form of request.

High School

An educational institution that offers secondary education, typically for students aged around 14 to 18, in preparation for college or vocational training.