The costs affecting decisions to supply are always
A) accounting costs.
B) marginal costs.
C) past costs.
D) per unit costs.
E) non-taxable costs.
B
Economics
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The firm in the above figure has an economic profit of ________
A) $0 B) $80 C) $160 D) more than $161 E) less than zero, that is, the firm has an economic loss
Economics
Firms in an oligopoly often do not collude with each other because ________
A) collusion lowers profit B) collusion increases the cost of production C) collusion is illegal D) collusion increases competition
Economics