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At what point described below will producer surplus most likely drop to zero for a firm? a.)When the firm is taking a significant loss b.)When
At what point described below will producer surplus most likely drop to zero for a firm?
- a.)When the firm is taking a significant loss
- b.)When the firm is making a significant profit
- c.)When producer and consumer surplus are both the same quantity
- d.)When revenue equals opportunity and variable costs
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