If a Competitive Firm Is in Short-Run Equilibrium,then

question 51

Multiple Choice

If a competitive firm is in short-run equilibrium,then

• A) economic profits equal zero.
• B) economic profits will be positive.
• C) economic profits will be negative.
• D) All of the above are possible in the short run.

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Definitions:

Parasitic Worms

Organisms that live off of other organisms, causing harm to their hosts, and include species such as tapeworms, roundworms, and flukes.

Stomach Acid

The hydrochloric acid present in the stomach, essential for digestion and protection against pathogens.

Analgesics

Medications designed to reduce or eliminate pain, commonly known as painkillers.

Aspirin

A medication used to reduce pain, fever, or inflammation, it also has an antiplatelet effect for preventing blood clots.