When Economic Profits Are Zero for a Firm, It Means

question 143

Multiple Choice

When economic profits are zero for a firm, it means that:

• A)no firms will enter or exit the industry.
• B)average revenue is slightly higher than average total costs.
• C)average variable costs are minimized.
• D)accounting profits are also zero.

---

Definitions:

Rewards

Incentives or positive reinforcements provided to encourage certain behaviors or outcomes.

Childhood Asthma

A respiratory condition marked by spasms in the bronchi of the lungs, causing difficulty in breathing, commonly starting in childhood.

Nasal Corticosteroids

Medications used to treat and relieve nasal symptoms of allergies by reducing inflammation.

Respiratory Irritation

An uncomfortable condition of the respiratory tract that can cause symptoms such as coughing or shortness of breath, often due to environmental factors like pollutants.