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    Principles of Microeconomics
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    Exam 14: Firms in Competitive Markets
  5. Question
    How Is Total Profit for a Firm Calculated
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How Is Total Profit for a Firm Calculated

Question 111

Question 111

Multiple Choice

How is total profit for a firm calculated


A) marginal revenue minus average cost
B) average revenue minus average cost
C) marginal revenue minus marginal cost
D) total revenue minus total cost

Correct Answer:

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