Which of the Following Statements About Economic Profits Is Not

question 69

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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