Explain why it is not sensible to close a business firm if it earns zero economic profits.

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:14 AM

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Explain why it is not sensible to close a business firm if it earns zero economic profits.

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If a firm is earning zero economic profit the owners in...View the full answer

Economics Principles and Policy

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