Author Question: If a perfectly competitive seller is maximizing profit and is making zero economic profit, which of ... (Read 114 times)

sc00by25 · **on:** May 24, 2019

If a perfectly competitive seller is maximizing profit and is making zero economic profit, which of the following will this seller do?
◦ go to work in the next-best earning opportunity
◦ shut down, with a loss equal to total fixed cost
◦ continue at the current output, making zero economic profit
◦ increase production in order to make an economic profit
◦ remain open but decrease production in order to make an economic profit

lucas dlamini · **Reply #1 on:** May 24, 2019

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