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    Microeconomics Theory with Applications
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    Exam 19: The Theory of the Firm
  5. Question
    In a One- Person Firm
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In a One- Person Firm

Question 19

Question 19

Multiple Choice

In a one- person firm:


A) ability determines effort.
B) income depends on effort.
C) financing depends on credit.
D) effort is restricted by resources.

Correct Answer:

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