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When a firm earns zero economic profit, it has

melisooflyy

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Posts: 178

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A year ago

When a firm earns zero economic profit, it has

▸

not covered all its explicit costs.

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not covered all its implicit costs.

▸

not earned enough to stay in business.

▸

definitely earned an accounting profit if implicit costs are positive.

▸

none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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abu-jahdo

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Posts: 143

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A year ago

More solutions for this book are available here

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melisooflyy Author

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A year ago

Thanks

karamsidhu1

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Yesterday

Just got PERFECT on my quiz

jbarnett14

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2 hours ago

Good timing, thanks!

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