The profits of business firms, defined as the difference between total revenue and total cost, are not zero because

A) capitalists have a near monopoly over the means of production.
B) information is a scarce good.
C) the government defines some opportunity costs as revenue in order to increase tax receipts.
D) there would be no investment if firms did not earn positive profits.

B

Economics

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The minimum value of the Herfindahl-Hirschman Index is

A) -100. B) -1. C) approximately 0. D) 1.

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A country is categorized as a low-income economy by the World Bank if its per capita income is below:

a. $1,000. b. $100. c. $10,000. d. $50. e. $5,000.

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