At the Profit Maximizing Level of Output in a Competitive

question 59

Multiple Choice

At the profit maximizing level of output in a competitive industry,the firm is:

• A)making economic profit.
• B)losing money on each unit sold.
• C)making zero accounting profit.
• D)making abnormal profits

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Definitions:

Permissions

Rights or privileges granted to users or software to access, modify, or control files and other resources on a computer or network.

Geotracking

A technology that allows the tracking of the geographical location of a device.

Airplane Mode

A setting on electronic devices that disables wireless communications to prevent interference with aircraft operations.

Tethering

Allows sharing of Internet connectivity among mobile devices in the area. It is a form of hotspot.