3. When the owner of a firm is getting zero economic profit, &a. the owner should exit...

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3. When the owner of a firm is getting zero economic profit,

&a. the owner should exit that market in the short run.

&b.the owner should exit that market in the long run.

&c. the owner cannot make any more money by exiting the market and doing something else with her resources.

&d.the owner is not receiving any income from owning the firm.

&e. the owner is getting rich.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Nov 12, 2024 09:00 AM

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3. When the owner of a firm is getting zero economic profit, &a. the owner should exit...

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Fundamentals Of Economics

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