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Q: 2. In a competitive market, economy firms will select the least-cost production technique because a. such choices will result in the full employment of available resources b. doing so will maximize
the firm s profits c. this will prevent new firms from entering the industry d. dollar voting by consumers mandates such a choice
A: In a competitive market, economy firms will select the least-cost production technique because to do so will maximize the firms' profits.
Expert answered|jeifunk|Points 10100|
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Asked 8/19/2013 7:35:36 AM
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