Author Question: If a perfectly competitive seller is maximizing profit and is making zero economic profit, which of ... (Read 97 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

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 56% of students answer this correctly