Multiple Choice
When economic profits exist in the market for a particular product,this is a signal to producers that
A) Consumers would like more scarce resources devoted to the production of this product.
B) The market is oversupplied with this product.
C) The best mix of goods and services is being produced with society's scarce resources.
D) Price is at the minimum of the ATC curve.
Correct Answer:
Verified
Correct Answer:
Verified
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