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    Principles of Economics Study Set 4
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    Exam 7: Efficiency, Exchange, and the Invisible Hand in Action
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    Normal Profits Occur When
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Normal Profits Occur When

Question 43

Question 43

Multiple Choice

Normal profits occur when:


A) accounting profits are positive.
B) economic profits are positive.
C) economic profits are zero.
D) total revenues are greater than explicit and implicit costs.

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