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 When an economist says a form is earning zero economic profit, this implies that the firm will likely have to declare bankruptcy in the near future unless market conditions change

Economics

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 When an economist says a form is earning zero economic profit, this implies that the firm will likely have to declare bankruptcy in the near future unless market conditions change. True False
A variable cost is an expense incurred by a firm that rises as output is increased, but falls as output is decreased. True O False
The exit of firms from a competitive price-searcher market generally increases the the demand curves for firms who remain in that market and sell their products. True False
Entry and exit of forms do not drive economic profits to zero in the long run in competitive price-searcher markets. True False
Marginal utility is the change in total cost that is required to produce an additional unit of output. True False