An organization that brings together the factors of production is called
A) an industry.
B) a conglomerate.
C) a plant.
D) a firm.
Correct Answer:
Verified
Q213: When economic profits are positive, accounting profits
A)
Q214: The opportunity cost of capital is
A) an
Q215: Normal rate of return is
A) accounting profit.
B)
Q216: What is the relationship between accounting and
Q217: When accounting profits are negative, economic profits
A)
Q219: Mike starts his own business after quitting
Q220: The goal of the firm, according to
Q221: An example of an implicit cost is
A)
Q222: Another term for the opportunity cost of
Q223: Suppose that during a given time period
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