When a profit-maximizing firm in a competitive market has zero economic profit, accounting profit Group of answer choices is negative. is at least zero. is also zero. could be positive, negative or zero

Respuesta :

Selling the same good to various consumers at different prices is the only option when a profit-maximizing corporation in a competitive market has zero economic profit or accounting profit.

What is a profit-maximizing firm?

Operating where marginal revenue and marginal expense are equal maximizes profit for a business. According to neoclassical theory, which assumes that the price must match the marginal cost condition, a firm must maximize profit in order to decide on an output and input level.

Profits and losses are ultimately eliminated because an endless number of businesses produce uniform, infinitely divisible items.

The appropriate response is thus that there are no choices because everything is produced and sold at the same price.

Learn more about a perfectly competitive market :

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