Which of the Following Statements About Economic Profits Is Not

question 124

Multiple Choice

Which of the following statements about economic profits is not correct?

• A)Economic profits act as a signal to producers who make decisions about how to allocate scarce resources.
• B)Economic profits are influenced by the degree of monopoly power.
• C)Economic profits represent a reward for risk taking.
• D)Economic profits are an explicit cost of production.

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Definitions:

Tinnitus

A condition characterized by hearing noises (such as ringing, buzzing, or humming) in the ears when no external sound is present.

Vertigo

A sensation of spinning or having one's surroundings spin around them, which is often caused by problems with the inner ear or brain.

Tympanitis

Inflammation of the tympanic membrane (eardrum), often associated with middle ear infection.

Otalgia

Pain in the ear; earache.