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Market Supply Curve in the Short Run and Long Run
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Problem 10
Market Supply Curve in the Short Run and Long Run
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11. Perfect Competition / Market Supply Curve in the Short Run and Long Run / Problem 6
Problem 6
How do non-monetary opportunity costs affect economic profit in the long run?
A
They reduce economic profit to zero.
B
They have no effect on economic profit.
C
They eliminate accounting profit.
D
They increase economic profit.
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