Firms that make a prot have increased the value of the resources they used; their actions created
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“Firms that make a prot have increased the value of the resources they used; their actions created wealth. In contrast, the actions of rms that make losses reduce wealth. The discovery and undertaking of prot-making opportunities are key ingredients of economic progress.” Evaluate the statement.
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Related Book For
Microeconomics Private And Public Choice
ISBN: 9781305506893
16th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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