If a Firm Is Making Zero Profits, Then Which of the Following

question 60

Multiple Choice

If a firm is making zero profits, then which of the following must be true?

• A)price equals average total cost
• B)price equals marginal cost
• C)the firm is operating at its efficient scale
• D)the firm is not marking up over marginal cost

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Definitions:

Northern African-Americans

African-American individuals or communities residing in the northern regions of the United States, often associated with migration patterns such as the Great Migration.

Liberal Intellectuals

Thinkers and scholars who advocate for progressivism, freedom, equality, and the expansion of civil rights, often engaging in political, social, and cultural analysis.

Civil Liberties

Fundamental individual rights protected by law against unwarranted governmental or other interference, including freedom of speech, right to privacy, and the right to a fair trial.

Progressive Era

A period of widespread social activism and political reform in the United States, from the 1890s to the 1920s, targeting issues like corruption, inequalities, and economic reforms.