Business, 27.08.2021 21:50 clairee002
Which of the following could explain why a firm would decrease production of a good despite making significant accounting profit?
a. The marginal cost equals the marginal benefit.
b. The opportunity cost of an alternative foregone is greater.
c. The economic profit is less than the accounting profit.
d. The fixed costs are unacceptably high.
Answers: 3
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