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kieraahern kieraahern
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5 years ago
Which of the following statements is INCORRECT regarding the model for information products?
A) Average total costs slope downward, because average variable cost is constant, average fixed cost slopes downward.
B) The firm maximizes profit by setting the price of its product equal to marginal cost.
C) Marginal cost equals average variable cost.
D) In the long run, accounting profit is positive.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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beccachristybeccachristy
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#1
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5 years ago
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kieraahern Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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