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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 5
Under perfect competition __________ profits are always zero in the long run.
A) accounting
B) economic
C) both economic and accounting
D) neither accounting or economic
Use the choices below to answer questions 30 and 31.
A) in the long run making a profit
B) in the long run breaking even
C) in the long run taking a loss
D) in the short run making a profit
E) in the short run breaking even
F) in the short run taking a loss
A) accounting
B) economic
C) both economic and accounting
D) neither accounting or economic
Use the choices below to answer questions 30 and 31.
A) in the long run making a profit
B) in the long run breaking even
C) in the long run taking a loss
D) in the short run making a profit
E) in the short run breaking even
F) in the short run taking a loss
Explanation
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Verified
In the long-run firms enter and exit the...
Microeconomics 9th Edition by Stephen Slavin
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