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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In this type of profitability analysis, the shared selling costs are allocated to individual units based on some type of cost allocation procedure: Question 29 options: the contribution approach to income statement analysis.
Answers (1)
Vaughn Manufacturing received cash of $63600 on August 1, 2017 for one year's rent in advance and recorded the transaction with a credit to Rent Revenue. The December 31, 2017 adjusting entry is: A.
Answers (1)
Which of the following situations would most likely encourage a firm's managers to make decisions that are in the best interests of stockholders? A.
Answers (1)
which prompt fading strategy involves using the most intrusive prompt initially then fading to a less intrusive prompt
Answers (2)
Which of the following statements is true? Multiple Choice Variable costing treats fixed overhead as a period cost. Absorption costing treats fixed overhead as a period cost.
Answers (1)
New Questions in Business
If you order your credit report online, you can have access to it within minutes. A. True B. False
Answers (1)
A student working on a history project decided to find a 95 percent confidence interval for the difference in mean age at the time of election to office for former american presidents versus former british prime ministers.
Answers (1)
A rent ceiling creates a shortage. As a result, which of the following occurs? A. only a loss of consumer surplus for tenants B. a gain of both consumer and producer surplus C. only a loss of producer surplus for landlords D.
Answers (1)
Which interest-bearing account is best for people who wont need access to their money for several months or longer A) Certificate of Deposit B) Credit Card C) Checking Account D) Savings Account
Answers (1)
The amount paid for stock is the most a shareholder can lose in the corporate form of ownership. a. True b. False
Answers (1)