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Business, 03.12.2019 18:31 kob3965

Afirm is making an economic loss of $100,000.
this means that:

a. the firm should immediately exit industry

b. firm could increase economic profit if its resources were used in a different way

c. firm is not making an accounting profit

d. firms revenues are less than its opportunity costs

if a firm is making an economic profit of zero:

a. it is not making an accounting profit

b. it cannot make a higher economic profit by changing how it is using its resources

c. firm should change to a different line of business

d. it will have unhappy stockholders

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Answers: 3

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Afirm is making an economic loss of $100,000.
this means that:

a. the firm should...
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