Economic profit is zero if: a. all factors are paid their marginal products and the law of
Fantastic news! We've Found the answer you've been seeking!
Question:
Economic profit is zero if:
a. all factors are paid their marginal products and the law of diminishing returns is valid. | ||
b. all factors are paid their marginal products and there are constant returns to scale. | ||
c. all firms maximize profits and none are competitive. | ||
d. all firms maximize profits and all factors are paid their marginal products |
Related Book For
Posted Date: