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Economists Believe That Entrepreneurs, Whether They Can Articulate Their Behavior

Question 48

Multiple Choice

Economists believe that entrepreneurs, whether they can articulate their behavior or not, always think about ________, which explains their MC = MR profit-maximizing activity.


A) minimizing ATC
B) maximizing revenue
C) the consequences of producing the next unit
D) maximizing output
E) doing better than breaking even

Correct Answer:

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