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  3. Study Set
    Microeconomics
  4. Exam
    Exam 11: One Input and One Output: a Short-Run Producer Model
  5. Question
    A Competitive (Price-Taking) Firm Will Produce So Long as Its
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A Competitive (Price-Taking) Firm Will Produce So Long as Its

Question 11

Question 11

True/False

A competitive (price-taking) firm will produce so long as its economic profit is sufficiently above zero to enable the firm to pay the owners of the firm for their time and effort.

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