Examlex
Which of the following is not a cause of frictional unemployment?
Zero Economic Profit
A situation where a firm's total revenue is exactly equal to its total costs, including opportunity costs.
Economic Profits
The excess of total revenues over total costs, including both explicit and implicit costs.
Market Price
The price at which goods are bought and sold in a competitive marketplace, constantly influenced by supply and demand.
Economic Profits
The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs, indicating the firm's financial performance beyond breaking even.
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