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When Profits Occur in a Competitive Market, This Indicates That

Question 109

Multiple Choice

When profits occur in a competitive market, this indicates that


A) consumers value the goods more than the resources used to produce them.
B) producers value the goods more than the resources used to produce them.
C) producers value the goods more than consumers value the goods.
D) consumers value the goods less than the resources used to produce them.

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