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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.4
Unit 3 – Production, Cost, and the Perfect Competition Model
3.4 Types of Profit
mixed difficulty
When a firm earns an accounting profit but an economic loss, it suggests?
The firm is not covering its opportunity costs
The firm is experiencing normal profit
The firm has high implicit costs
The firm has low explicit costs
Study guides (1)
AP Microeconomics - 3.4 Types of Profit
Key terms
Accounting Profit
Economic Loss
Guides
Glossary
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