Unformatted text preview: Question 6 Correct Mark1.00 out of 1.00 7 Remove flag Determine whether the following statements are TRUE OR FALSE. Statement 1: Resources in all competitive industries generate the same marginal value. Statement 2: Firms in a competitive industry can earn above-normal profits in the long run by innovating. Select one: 3‘ a. Statement 1: True; Statement 2: False ~/
b. Statement 1: False; Statement 2: True
c. Statement 1: False; Statement 2: False d. Statement 1: True; Statement 2: True ...
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- Spring '14