If a Firm Is Making Zero Economic Profit, It

question 15

Multiple Choice

If a firm is making zero economic profit, it

• A) will be forced to shutdown and leave the market.
• B) will also generally be making zero accounting profit.
• C) is doing as well as typical firms in other markets.
• D) will not survive in the long run.

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Definitions:

Self-Actualized

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that posits a hierarchy of human needs, from basic physiological needs to self-actualization.

Full Potential

The maximum level of achievement or development that an individual, organization, or system can reach.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from physiological needs to self-actualization.