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joanne1718 joanne1718
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5 years ago
The owner of a perfectly competitive firm that is earning economic losses in the short run

• is actually losing more than he thinks because not all of the implicit costs have been considered.

• should alter the rate of output in order to increase profitability.

• should cut his own salary in order to reach the break-even point.

• is earning less than he would if he worked for someone else.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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BakariBakari
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Posts: 371
5 years ago
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joanne1718 Author
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5 years ago
this is exactly what I needed
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Brilliant
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2 hours ago
Thanks
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