The text presents costs as if a firm could look them up in a book. a. How
Question:
The text presents costs as if a firm could look them up in a book.
a. How do you believe a firm’s true costs are revealed?
b. Is this an optimal method of finding out costs?
(Austrian)
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In the Austrian School of Economics which places a strong emphasis on individual action and subjectivity the concept of true costs is viewed different...View the full answer
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