Hint: Be sure that your example shows that you understand the idea of opportunity cost and how opportunity cost is related to economic profit. Also be sure that you provide a reason why the person or business in your example is earning positive economic profit.

Instructions: Name a market or industry where most of the participants $($e$.$g$.$ owners, labor$)$ earn positive economic profits $($i$.$e$.$ they are earning more than they could in their next best opportunity$).$