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.

---

Definitions:

Nativism

The political policy of promoting the interests of native inhabitants against those of immigrants, including by supporting immigration-restriction measures.

Liberty Party

Abolitionist political party that nominated James G. Birney for president in 1840 and 1844; merged with the Free Soil Party in 1848.

Political Movement

A collective effort by a group of people to advance their shared political, social, or ideological objectives.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.