A profit maximizing perfectly competitive firm would never ...

[swpotter12]

A profit maximizing perfectly competitive firm would never operate at an output level where
 a. it would not cover all of its variable costs.
 b. it was not earning a positive economic profit.
  c. it was not earning a zero economic profit.
 d. it was not earning an accounting profit.

Question 2

Economic stagnation and recession result in unemployment and poverty.
 a. True
  b. False
  Indicate whether the statement is true or false

[ashely1112]

Answer to Question 1

a

Answer to Question 2

True

[swpotter12]

Thank you

[ashely1112]

Happy to help you