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    Exam 9: Price Takers and the Competitive Process
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    When a Firm in a Competitive Market Is Earning Profits
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When a Firm in a Competitive Market Is Earning Profits

Question 67

Question 67

Multiple Choice

When a firm in a competitive market is earning profits, this indicates that the firm is


A) exploiting consumers.
B) increasing the value of resources.
C) blocking the entry of competing firms.
D) reducing overall wealth in the market.

Correct Answer:

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