The text presents very detailed cost tables when it considers the decisions of firms. a. Do entrepreneurs

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The text presents very detailed cost tables when it considers the decisions of firms.

a. Do entrepreneurs have such cost tables available to them when they enter a business?

b. If not, how do they gather such information?

c. If such information is gathered through trial and error, what implications does that have for government intervention in the marketplace? (Austrian)

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 12, 2024 04:55 AM

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The text presents very detailed cost tables when it considers the decisions of firms. a. Do entrepreneurs

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a Availability of Detailed Cost Tables for Entrepreneurs Entrepreneurs often do not have detailed cost tables readily available when entering a business Unlike established firms with historical data a...View the full answer

Microeconomics

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