Question
If a firm has negative accounting profits in the short run, it should a.Close since accounting profits are negative b.All other answers are incorrect
If a firm has negative accounting profits in the short run, it should a.Close since accounting profits are negative b.All other answers are incorrect c.Stay open if economic profits are positive d.Stay open regardless of economic profits Which one?
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
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