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Ghada Aoun1 Ghada Aoun1
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2 years ago
Which of the following statements is INCORRECT regarding the model for information products?
      Marginal cost equals average variable cost.
      In the long run, accounting profit is positive.
      The firm maximizes profit by setting the price of its product equal to marginal cost.
      Average total costs slope downward, because average variable cost is constant, average fixed cost slopes downward.
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Educator
2 years ago
https://biology-forums.com/index.php?topic=1865954.0
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