A firm which owns its own equipment and is earning positive economic profits
a. is likely earning positive accounting profits
b. is likely earning zero accounting profits.
c. is likely earning negative accounting profits.
d. could be earning positive or negative accounting profits.
a
Economics
You might also like to view...
What are three causes of supply-side inflation?
What will be an ideal response?
Economics
Which theory best explains the wealth inequalities amongst nations?
A) weather B) government institutions C) natural selection D) factors outside of any human control E) levels of corruption
Economics