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zmudasam zmudasam
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6 years ago

Question 1.

A firm must earn an economic profit in order to receive a normal rate of return.



▸ true

▸ false

Question 2.

If price is above average total cost at the output where marginal revenue equals marginal cost, a firm will earn positive economic profits.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Curtis x.Curtis x.
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