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Author Question: Accounting costs exclude implicit costs. Indicate whether the statement is true or ... (Read 102 times)

Frost2351

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Accounting costs exclude implicit costs.
 
  Indicate whether the statement is true or false

Question 2

The reason that the Fisherman's Friend restaurant in Stonington, Maine had a monopoly on selling seafood dinners in that town is most likely due to
 
  A) no competitors apparently found the profit level attractive enough to enter the market.
  B) the restaurant owned all the fresh seafood in the state.
  C) a government-imposed barrier.
  D) occupational licensing.


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aliotak

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Frost2351

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Reply 2 on: Jun 29, 2018
Excellent


dawsa925

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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