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  3. Study Set
    Microeconomics Theory and Applications Study Set 2
  4. Exam
    Exam 9: Profit Maximization in Perfectly Competitive Markets
  5. Question
    According to the _____ Principle,firms That Do Not Approximate Profit
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According to the _____ Principle,firms That Do Not Approximate Profit

Question 5

Question 5

Multiple Choice

According to the _____ principle,firms that do not approximate profit maximization will not succeed in competitive markets.


A) equity
B) successor
C) survivor
D) winner-takes-all

Correct Answer:

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