In a price-taker market, if a business operator produces efficientlythat is, if the cost of producing the
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In a price-taker market, if a business operator produces efficiently—that is, if the cost of producing the good is minimized—the operator will be able to make at least a normal profit.” True or false? Explain.
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Economics Private And Public Choice
ISBN: 9780357133996
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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