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If economic profits in an industry are zero and implicit costs are greater than zero, then Question 17 options: A) resources will move out of
If economic profits in an industry are zero and implicit costs are greater than zero, then Question 17 options: A) resources will move out of the industry. B) there will be no production in the short run. C) accounting profits are greater than zero. D) new firms will enter the industry
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
11th edition
978-0078021718
