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    Exam 12: Competition and the Invisible Hand
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    If a Firm Has Revenues of $125, Explicit Costs of $25
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If a Firm Has Revenues of $125, Explicit Costs of $25

Question 133

Question 133

Multiple Choice

If a firm has revenues of $125, explicit costs of $25, and implicit costs of $50, then its accounting profit is:


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

Correct Answer:

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