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    Principles of Economics Study Set 8
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    Exam 14: Firms in Competitive Markets
  5. Question
    If a Competitive Firm Is Operating at Its Efficient Scale
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If a Competitive Firm Is Operating at Its Efficient Scale

Question 22

Question 22

Essay

If a competitive firm is operating at its efficient scale, then is the firm's profit positive, zero, or negative?

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Profit is zero for a...

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