A. profits were $100,000 and its economic profits were zero.
B. profits were zero and its economic losses were $500,000.
C. losses were $500,000 and its economic losses were zero.
D. profits were $500,000 and its economic profits were $1 million.
B. profits were zero and its economic losses were $500,000.
C. losses were $500,000 and its economic losses were zero.
D. profits were $500,000 and its economic profits were $1 million.
ANSWER:
B. profits were zero and its economic losses were $500,000.