If a Firm Makes Zero Economic Profit, Then the Firm

question 8

Multiple Choice

If a firm makes zero economic profit, then the firm

• A)has total revenues greater than its economic costs.
• B)must shut down.
• C)can be earning positive accounting profit.
• D)must have no fixed costs.

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A range of values that is likely to include the value of a new observation, given what has already been observed.

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