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

question 50

Multiple Choice

When a profit-maximising firm in a competitive market has zero economic profit, accounting profit:

• A)is positive
• B)is negative (accounting losses)
• C)is also zero
• D)could be positive, negative or zero

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Definitions:

Rationalist

A person who emphasizes reasoning, logic, and knowledge derived from intellectual analysis and deduction.

Innately Attractive

Describes something that is naturally appealing or attractive without the need for learning or acquisition.

Height

The measurement of someone or something from base to top.

Large Eyes

A physical trait where the eyes appear bigger than the average, often perceived as an indication of youthfulness or attractiveness.