[Solved] In the Short Run, a Perfectly Competitive Firm's Economic Profits A

Question 250
Multiple Choice

In the short run, a perfectly competitive firm's economic profits

A) must equal zero, that is, the firm earns a normal profit.
B) must be positive.
C) might be positive, negative (an economic loss), or zero (a normal profit).
D) must be negative, that is the firm must incur an economic loss.

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