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Jane asked in Social ScienceEconomics · 2 years ago

Microeconomics Question: All of the following statements about economic profits are correct except that they?

a) act as a signal to producers who make decisions about how to allocate scarce resources

b) are influenced by the degree of monopoly power

c) represent a reward for risk taking

d) are an explicit cost of production

2 Answers

Relevance
  • JuanB
    Lv 7
    2 years ago

    d) are an explicit cost of production

    I'd say they are an implicit cost of production

  • Anonymous
    2 years ago

    a

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