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:

Resort Property

Real estate located in a vacation or recreational area, designed for temporary accommodation and offering additional amenities such as restaurants, leisure activities, and scenic views.

Impulse Buying

Impulse buying is the act of purchasing items on the spur of the moment without pre-planning, often driven by emotions or immediate desires.

Habitual Decision

The process of making choices based on habits or routines, rather than active decision-making or deliberation.

Buying

involves the process of acquiring goods or services in exchange for money or other assets, a fundamental activity in commerce and daily life.