When economic profits in an industry are zero: a. it means that firms are doing as well as they could do in other markets. b. the industry is not in long-run equilibrium. c. firms should exit, so they can make an economic profit in some other market. d. firms are really doing badly. e. the price will tend to decrease as more firms enter the market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When economic profits in an industry are zero: a. it means that firms are doing as well as they could do in other markets. b. the industry ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Do you agree or disagree that a professional relationship must always be characterized by some level of emotional involvement
Answers (1)
On October 1, 2021, Hurricane lends $9,000 to another company. The other company signs a note indicating principal and 12% interest will be paid to Hurricane on September 30, 2022.
Answers (1)
Imagine that we roll a fair, six-sided die 1,000 times. Out of 1,000 rolls, how many times do you think the die would come up as an even number? Of the values below, which is the most likely outcome?
Answers (1)
Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management are called:
Answers (1)
Services are Multiple Choice marketing actions that provide quality products in a timely matter to satisfy customers' needs.
Answers (1)
New Questions in Business
Which of the following factors influence the estimate of a business's optimal capital structure? (A) The amount of business (inherent) risk. (B) Lender/rating agency attitudes. (C) Industry averages.
Answers (1)
The balance sheet below reflects Zee Bank after its purchase of $65 million in government securities from the Fed. Assume a required reserve ratio of 10%, that banks hold no excess reserves, and that all currency is deposited into the banking system.
Answers (1)
The following was paid out of the Petty Cash account: $400 for Store Supplies $200 for Postage Expense After counting the cash that is left in Petty Cash, $560 is needed to replenish the Petty Cash back to the original balance.
Answers (1)
Middlefield Motors is evaluating project A, which would require the purchase of a piece of equipment for 393,000 dollars.
Answers (1)
Which is one of the earliest computer crimes to have been committed?
Answers (1)