economic profits

Related BrainMass Solutions

• Monopolistic Competition and Collusion

  Economic profits refer to the profits after all the explicit and implicit (opportunity) costs have been taken into account. The firm may still earn some accounting profits but it will earn zero economic profits.

• MicroChips Corp has enjoyed substantial economic profits der

  Economic profits dropped to zero. MicroChips Corp has enjoyed substantial economic profits derived from patients covering a wide range of inventions and innovations for microprocessors used in high performance desktop computers.

• Zero economic profits

  Zero economic profits are assessed.

• long-run economic profits

  Therefore, the best answer is that the long-run economic profits will be positive. Long-run economic profits are described.

• Accounting and Economic Costs and Profits

  507907 Accounting and Economic Costs and Profits Which of the following is (are) true? a. Accounting costs genearlly underestimate economic costs b. Accounting profits generally overstate economic profits c.

• Expected Profits

  The expert examines the expected profits for broader economic conditions.

• Competitive Advantage Pursued by Monopolistic Competition Firms

  If (for a short while) a firm is making economic profits, then other firms would quickly enter this industry in order to share in the profits. The profitable firm's sales would suffer and in the long run its economic profits would be zero.

• Comparison of Accounting & Economic Profits

  of her economic profits (that is, a $30,000 loss).

• Monopolistic Competition and Oligopoly

  B. can earn either profits or losses in the short-run, but earn zero economic profits in the long-run. C. earn economic profits in the short-run but zero economic profits in the long-run.

• Competitive Market vs. Monopolisitc Pricing

  And thus earn economic profits. Because of entry barriers, other firms cannot take away those profits and thus the monopoly continues to enjoy those profits.