A firm that is earning zero economic profit should go out of business
a. True
b. False
Indicate whether the statement is true or false
False
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If the Fed purchases securities in the amount of $100,000 from First Union Bank, then the
A) liabilities of First Union decrease by $100,000. B) assets of First Union Bank change in composition but not in amount. C) assets of the Fed decrease by $100,000. D) liabilities of the Fed change in composition but not in amount. E) assets of First Union Bank decrease by $100,000.
Refer to Table 2-8. What is Betty's opportunity cost of making a bench?
A) 1/2 of a statue B) 2.8 statues C) 1.75 benches D) 2 statues
Explain why in situations where the Coase Theorem applies, bargaining power does not influence whether the efficient outcome is reached, but affects the distribution of gains
What will be an ideal response?
What is the relationship between market failure and government failure?
What will be an ideal response?