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Author Question: A network externality causes firms to sacrifice profits in the short run in order to satisfy their ... (Read 21 times)

Ebrown

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on: Jun 29, 2018
A network externality causes firms to sacrifice profits in the short run in order to satisfy their customers and increase their long-run profits.
 
  Indicate whether the statement is true or false

Question 2

Harvey Morris bought dishes and pitchers made of blue glass during the Great Depression at a flea market. He later resold these items on eBay. The profits Harvey earned from these sales are
 
  A) not economic profits because Harvey did not add value to the items but took advantage of the buyers who were not aware of how much Harvey paid for the items.
  B) the result of arbitrage.
  C) accounting profits but not economic profits.
  D) subject to a retail profits tax.
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cegalasso

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ebrown

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kilada

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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