When Sidney's Sweaters, Inc makes exactly zero economic profit, Sidney, the owner
A) is taking a loss.
B) will shut down in the short run.
C) makes an income equal to his best alternative forgone income.
D) will boost output.
C
Economics
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Early in the 20th century the American Medical Association strongly encouraged _____
a. HMOs b. Medicare c. Medicaid d. fee-for-service medical care
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The consumer price index tries to gauge how much incomes must rise to maintain
a. an increasing standard of living. b. a constant standard of living. c. a decreasing standard of living. d. the highest standard of living possible.
Economics