When economic profits in an industry are zero and implicit costs are positive:
A) accounting profits will be greater than zero.
B) resources will be attracted to the industry.
C) resources will not tend to either enter or leave the industry, other things equal.
D) both (a) and (c) will be true.

Question

Quizplus · Accepted Answer

The Answer of When economic profits in an industry are zero and implicit costs are positive:
A) accounting profits will be greater than zero.
B) resources will be attracted to the industry.
C) resources will not tend to either enter or leave the industry, other things equal.
D) both (a) and (c) will be true.

When Economic Profits in an Industry Are Zero and Implicit