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    Managerial Economics in a Global Economy
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    Exam 1: The Nature and Scope of Managerial Economics
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    Which Theory of Profit Holds That a Firm's Profits Can
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Which Theory of Profit Holds That a Firm's Profits Can

Question 40

Question 40

Multiple Choice

Which theory of profit holds that a firm's profits can differ from zero only in the short run?


A) Risk-bearing theory
B) Frictional theory
C) Monopoly theory
D) Managerial efficiency theory

Correct Answer:

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