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lurielbank lurielbank
wrote...
Posts: 472
Rep: 9 0
5 years ago
The owner of a perfectly competitive firm is currently earning an economic profit of zero. This owner

• should shut down since profits of zero are not good.

• is covering all of his fixed costs.

• should raise the price of the product to increase profits.

• will continue producing in the short-run but will shut down in the long run if profits do not increase.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 63 times
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Replies
wrote...
5 years ago
is covering all of his fixed costs.
lurielbank Author
wrote...
5 years ago
Thanks for your help!
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