A lesson from microeconomics is that under perfect competition,where firms charge prices equal to marginal cost,__________ are zero.
A) revenues
B) economic profits
C) normal profits
D) variable costs
E) wages
Correct Answer:
Verified
Q2: Which of the following are not included
Q3: Who created the original National Income and
Q4: In 2005,government expenditures accounted for about _
Q4: The National Income and Product Accounts provides
Q6: Using the expenditure approach,consumption expenditures include:
A)household purchases
Q7: The difference between economic profits and normal
Q8: In 2005,household expenditures accounted for about _
Q9: Using the expenditure approach,government expenditures include:
A)defense and
Q10: A lesson from microeconomics is that unless
Q11: In 2005,investment expenditures accounted for about _
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