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Author Question: A profit maximizing perfectly competitive firm would never operate at an output level where a. it ... (Read 40 times)

swpotter12

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on: Jun 30, 2018
A profit maximizing perfectly competitive firm would never operate at an output level where
 a. it would not cover all of its variable costs.
 b. it was not earning a positive economic profit.
  c. it was not earning a zero economic profit.
 d. it was not earning an accounting profit.

Question 2

Economic stagnation and recession result in unemployment and poverty.
 a. True
  b. False
  Indicate whether the statement is true or false


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ashely1112

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


swpotter12

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Reply #2 on: Jun 30, 2018
Thank you :)


ashely1112

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Reply #3 on: Jun 30, 2018
Happy to help you


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