If firms are producing at a profit-maximizing level of output where the price exceeds the average total cost:

A. other firms will exit the market.
B. accounting profits must be positive, but economic profits are zero.
C. firms will exit the market.
D. economic profits must be positive.


Answer: D

Economics

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In what way are other assets less liquid than money?

What will be an ideal response?

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Tax incidence most accurately refers to

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When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:

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Economics