3. Profit is not simply a dollar amount; it is a signal. Comment. 1. What is the...

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3. “Profit is not simply a dollar amount; it is a signal.” Comment.

1. What is the major difference between the market output and the socially optimal output?
2. For an economist, is the socially optimal output preferred to the market output?

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Microeconomics

ISBN: 9780324785494

9th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 04, 2024 02:00 AM

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3. Profit is not simply a dollar amount; it is a signal. Comment. 1. What is the...

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Microeconomics

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