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Which of these is a criticism of the physical capital concept? Select one: a. It is not meaningful if the firm does not continue to
Which of these is a criticism of the physical capital concept?
Select one: a. It is not meaningful if the firm does not continue to replace identical units
b. When costs are decreasing a profit may still be recorded when a company sells a product for less than purchase price
c. When a company buys and sells in the same market it will record zero profit
d. All of the above
Which of these is a criticism of the physical capital concept?
Select one:
a.
It is not meaningful if the firm does not continue to replace identical units
b.
When costs are decreasing a profit may still be recorded when a company sells a product for less than purchase price
c.
When a company buys and sells in the same market it will record zero profit
d.
All of the above
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