Zero Economic Profit Occurs When

question 51

Multiple Choice

Zero economic profit occurs when:

• A)price equals minimum average variable cost.
• B)a firm has existed for long enough to make normal profit.
• C)price equals long-run average cost.
• D)a firm operates at the minimum of its long-run marginal cost curve.

---

Definitions:

Compliantly

Acting in accordance with rules, orders, or instructions; showing a willingness to follow demands or requests.

Gender Constancy

The understanding that a person's gender identity is fixed and does not change over time or based on external appearances.

Gender Schema

A cognitive framework that organizes information relevant to gender, influencing how people perceive and behave based on their gender norms.

Biological Factors

Biological factors are the genetic, neurological, and physical conditions that affect human behavior and health.