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ECO 2301

Question:
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.
Answer:
A
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Last update by kendallholekamp on 11/30/2012
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ECO 2301
ECO 2301
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Free Flashcard From ECO 2301
Question: 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.
Answer: A