If a Perfectly Competitive Seller Is Maximizing Profit and Is

question 74

Multiple Choice

If a perfectly competitive seller is maximizing profit and is making zero economic profit,which of the following will this seller do?

• A) go to work in the next-best earning opportunity
• B) shut down, with a loss equal to total fixed cost
• C) continue at the current output, making zero economic profit
• D) increase production in order to make an economic profit
• E) remain open but decrease production in order to make an economic profit

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Definitions:

Sex Determination

The biological system that determines the development of sexual characteristics in an organism.

Chromosome Number

The total number of chromosomes in a cell of a given species.

Temperature

A measure of the heat or thermal energy of a substance or environment.

Genetic Disorder

A condition caused by abnormalities in genes or chromosomes, often leading to various diseases or dysfunctions.