1 Economists argue that economic profits and losses: are what?

Question

Question

1 Economists argue that economic profits and losses: are what?

1 Economists argue that economic profits and losses:

are what?

business economics

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Answer 1

Answer #1

Profits are incentive for the firm to join the market and losses are signal for them to leave the market and look for other indutries.

so as per the economists the profit and losses are signals for the firm to enter or exit the market.

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Answer 2

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1 Economists argue that economic profits and losses: are what?

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1 Economists argue that economic profits and losses: are what?

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7. Economists use the three-step method to determine whether a firm is generating economic profits, economic...

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