Which of the following would tell us that resources are NOT flowing to their highest valued uses?
A) short-run economic profits
B) short-run economic losses
C) long-run economic profits
D) Some firms are just breaking even.
Correct Answer:
Verified
Q348: If the long-run supply curve is horizontal,
Q349: If the long-run supply curve slopes upward,
Q350: An industry in which an increase in
Q351: If the long-run supply curve slopes downward,
Q352: Along a perfectly competitive industry's long-run supply
Q354: A TRUE signal must
A) convey information only.
B)
Q355: Suppose a perfectly competitive industry is in
Q356: If the long-run supply curve is upward
Q357: An industry whose total output can be
Q358: Profits and losses are TRUE signals because
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