If a Profit-Maximizing Competitive Firm Has Constant Returns to Scale

question 41

True/False

If a profit-maximizing competitive firm has constant returns to scale, then its long-run profits must be zero.

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Definitions:

Constructs Career

Refers to the conceptual building blocks or elements that form the basis of career theories and career guidance practices.

Successful Working

Achieving desired outcomes in one's career through effective performance, productivity, and personal satisfaction.

Picturing Yourself

An imaginative exercise where individuals visualize themselves in various scenarios to explore personal aspirations and potential outcomes.

Career Construction Interview

A methodological tool used in career counseling to understand an individual's career life themes, personal goals, and coping strategies.