​If a firm is earning negative economic profits,it implies

A) ​That the firm's accounting profits are necessarily zero
B) That the firm's accounting profits are necessarily positive
C) That the firm's accounting profits are necessarily negative
D) ​Economic profits alone cannot determine accounting profits

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, representing profits exceeding the opportunity costs of all resources used by a firm.

Accounting Profits

The net income of a company as calculated by subtracting total expenses from total revenues, in accordance with accounting principles.

Negative

A term used to describe values or balances that are less than zero, often used in financial contexts.