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whipped whipped
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7 years ago
Which of the following statements is true?
A) In a competitive market, the invisible hand encourages the movement of resources from more productive uses to less productive uses.
B) In a competitive market, firms in the long run tend to earn positive economic profits.
C) Competitive equilibrium provides incentives for entrepreneurs to shift their resources from unprofitable industries to profitable ones.
D) At the competitive equilibrium, production occurs at the point of maximum average total cost.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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7 years ago
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whipped Author
wrote...

7 years ago
Just got PERFECT on my quiz
gma_of_7
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Yesterday
Good timing, thanks!
jblazah
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2 hours ago
Helped a lot
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