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Which of the following statement is FALSE. Question 4Select one: a. No product can be viable without creating positive economic value. b. Value created equals
Which of the following statement is FALSE. Question 4Select one: a. No product can be viable without creating positive economic value. b. Value created equals consumer surplus plus producer surplus. c. Value created equals the sum of consumer surplus and profit. d. Value created greater than zero is a guarantee of positive economic profits. e. When consumer surplus is greater than firm profit, entrepreneurs can exploit potential gains from trade with suppliers and consumers
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