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Under what condition(s) If economic profits in the metal fabrication industry are zero and implicit costs are greater than zero, then: Question 11Select one: a.
Under what condition(s) If economic profits in the metal fabrication industry are zero and implicit costs are greater than zero, then: Question 11Select one: a. There will be no production in the short run b. Accounting profits are greater than zero c. New firms will enter the industry d. Resources will move out of the industry a firm continue to operate in the short run with a loss? Question 6Select one: a. It has some fixed costs that cannot be brought down to zero b. It can cover its variable costs and some of its fixed costs c. Its output is above the break-even point d. Its revenues are less than its fixed costs
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