In long-run competitive equilibrium, a firm that owns factors of production will have an:
A) economic profit = $0 and accounting profit > $0. B) economic profit > $0 and accounting profit = $0. C) economic and accounting profit = $0. D) economic and accounting profit > $0. E) economic and accounting profit can take any value.
An indorser,whether or not she receives consideration for the instrument,must make five warranties to subsequent transferees of the instrument.The fifth warranty provides that the indorser has no knowledge of the bankruptcy of the maker,acceptor,or drawer.