When a Profit-Maximizing Firm in a Competitive Market Has Zero

question 372

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.

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and transmits neural signals between the brain and the body.

Urinary Bladder

A hollow muscular organ that stores urine from the kidneys before it is excreted from the body.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's fight or flight response to stress or emergency situations.

Digestive Activity

The process of breaking down food by mechanical and enzymatic action in the alimentary canal into substances that can be used by the body.