=+12. My uncle just bought 1,000 shares of Microsoft, one of the largest and most profitable companies

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=+12. "My uncle just bought 1,000 shares of Microsoft, one of the largest and most profitable companies in the United States. Given Microsoft's high profit rate, he will make a bundle from this purchase." Evaluate this statement. Is it necessarily true? Ex- plain. *

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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