Why would any implicit costs be relevant
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Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.
What do you think is the purpose of the accident investigation?
What item would be considered accounting profit? Would economic profit be higher or lower than this accounting profit?
What is the concept of minimum efficient scale? What bearing can the shape of the long-run ATC curve have on the structure of an industry?
Which costs-fixed, variable, or both-would you take into account in making your decision? Would any implicit costs be relevant? Explain.
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The AGI threshold at which dependents are required to file a tax return takes into consideration the additional standard deduction for age, but not blindness.
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