If in the Long Run a Firm Makes Zero Profit

question 130

True/False

If in the long run a firm makes zero profit, it should exit the industry.

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Definitions:

Smallest To Largest

A method of organizing or categorizing objects or elements based on their size, from the smallest to the largest.

Amino Acid

Organic compounds serving as the building blocks of proteins, containing both amino and carboxylic acid functional groups.

Protein

Large, complex molecules made up of amino acids that perform a variety of functions in the body, including structural support, transport, and enzymatic activities.

Insulate

To coat or surround with material in order to prevent the passage or leakage of heat, electricity, or sound.