Economic profit sends a signal to entrepreneurs by telling them where
A) price exceeds marginal cost.
B) there are many buyers and many sellers.
C) the shutdown point is.
D) an above normal return on investment can be earned.
Correct Answer:
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A) shifts
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Q308: Q309: Suppose some firms in a perfectly competitive Q311: The firms in a perfectly competitive are Q312: If firms in a competitive market are Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
