If a Firm Makes Zero Economic Profit,then the Firm

question 27

Multiple Choice

If a firm makes zero economic profit,then the firm

• A) has total revenues greater than its economic costs.
• B) must shut down.
• C) can be earning positive business profit.
• D) must have no fixed costs.

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Definitions:

Early Interest

Initial curiosity or attention towards a particular subject or activity that could develop into a more profound involvement or expertise.

Locus of Control

A psychological concept that categorizes individuals by their belief in personal control over life events, either as internal (self-control) or external (controlled by outside factors).

Studied Variables

Elements or factors that are measured or manipulated within research to explore their effects on outcomes of interest.

Reinforcement

In psychology, it refers to a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.