# 1. Zero economic profit means that The firm breaks down The firm makes just normal profits...

###### Question:

1. Zero economic profit means that

 The firm breaks down The firm makes just normal profits The firm must close down The firm must raise the price of the commodity All of the above

2. Normal Profit is:

 The opportunity cost of capital committed in a certain line of business The profit any firm makes in the market The minimum capital return required in order to stay in a certain type of business (a) and (c) All of the above

QUESTION 3

1. Whatâ s the meaning of negative economic profit

 The firm is losing money Economic costs exceed corporate revenues Economic resources are allocated inefficiently Both A and B None of the above

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