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    Exam 12: Competition and the Invisible Hand
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    If a Firm Has Revenues of $200, Explicit Costs of $100
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If a Firm Has Revenues of $200, Explicit Costs of $100

Question 95

Question 95

Multiple Choice

If a firm has revenues of $200, explicit costs of $100, and implicit costs of $100, then its accounting profit is:


A) $0.
B) $50.
C) $100.
D) $500.

Correct Answer:

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