When Economic Profits Are Zero for a Firm,it Means That

question 5

Multiple Choice

When economic profits are zero for a firm,it means that:

• A)no firms will enter or exit the industry.
• B)average revenue is equal to average total cost.
• C)average total costs are minimized.
• D)All of these are true.

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Definitions:

Homophobia

is the fear, hatred, or prejudice against homosexual people, often leading to discrimination and social exclusion.

Mistrust

The lack of trust or confidence in someone or something due to suspicions or negative past experiences.

Cross-gender Behavior

Activities or expressions by an individual that are traditionally associated with a gender other than their own.

Biological Predispositions

Inclinations or tendencies to certain behaviors or illnesses based on genetic factors.