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Business, 15.04.2020 18:40 marie1211

A teenaged babysitter is similar to a firm in a perfectly competitive industry in that, for both:

a. The implicit costs of production exceed the explicit costs of production

b. Average costs of production do not change when their industry expands

c. Fixed costs are lower than variable costs

d. There are many other suppliers of similar goods or services

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Answers: 2

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A teenaged babysitter is similar to a firm in a perfectly competitive industry in that, for both:
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