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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 12
If competitive firms earn zero economic profits, explain why anyone would invest money in them. ( Hint: What is the role of the opportunity cost of capital in economic profit )
Explanation
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One would invest in the competitive firm...
Economics 12th Edition by William Baumol, Alan S Blinder
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