Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Normal profits earned by firms are considered a(n) Blank______ and, therefore, Blank______. Multiple choice question. normal cost; are not included in the firms' cost curves

Normal profits earned by firms are considered a(n) Blank______ and, therefore, Blank______. Multiple choice question. normal cost; are not included in the firms' cost curves normal cost; are included in the firms' cost curves opportunity cost; are included in the firms' cost curves opportunity cost; are not included in the firms' cost curves

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Econometrics A Practical Guide

Authors: A. H. Studenmund

7th edition

013418274X, 978-0134182742

More Books

Students also viewed these Economics questions

Question

Describe the evolution of American culinary arts.

Answered: 1 week ago

Question

What does this look like?

Answered: 1 week ago