In the short run, a perfectly competitive firm's economic profits Question 7 options: must be negative, that is the firm must incur an economic loss. might be positive, negative (an economic loss), or zero (a normal profit). must be positive. must equal zero, that is, the firm earns a normal profit.
In the short run, a perfectly competitive firm's economic profits Question 7 options: must be negative, that is the firm must incur an economic loss. might be positive, negative (an economic loss), or zero (a normal profit). must be positive. must equal zero, that is, the firm earns a normal profit.
Chapter7: Perefect Competition
Section: Chapter Questions
Problem 12SQ
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Question
In the short run, a perfectly competitive firm's economic profits
Question 7 options:
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must be negative, that is the firm must incur an economic loss.
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|
|
might be positive, negative (an economic loss), or zero (a normal profit).
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|
|
must be positive.
|
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must equal zero, that is, the firm earns a normal profit.
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