Answer:
I disagree
Step-by-step explanation:
From the standpoint of accounting principles, a company is earning losses when total cost is greater than total revenue.
Economic profit is accounting profit less explicit cost or opportunity cost.
If a firm is earning zero economic profit , it is necessarily not earning negative loss from an accounting standpoint.
For example if a firm has a total revenue of $20, total cost of $10 and an opportunity cost of $10.
Accounting profit is $10 while economic profit is $0.
Though, the economic profit is 0, accounting profit is still postive.
I hope my answer helps you.