Small Mom and Pop firms, like inner city grocery stores, sometimes exist even though they do not

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Small “Mom and Pop firms,” like inner city grocery stores, sometimes exist even though they do not earn economic profits. How can you explain this?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 31, 2023 09:43 AM

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Small Mom and Pop firms, like inner city grocery stores, sometimes exist even though they do not

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There are a few reasons why small mom and pop firms may exist even though they do not earn economic profits Nonmonetary benefits The owners of these b...View the full answer

Principles Of Economics

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