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Quiz
· Costs and Profit Maximization Under Competition
· 12 of 12
Principles of Microeconomics
Knowledge Check
Question 1 of 4
As Ngoy started hiring more Cambodian refugees to work in his donut shop, this made it more likely that
a.
Competition from other doughnut shop owners would increase.
b.
Ngoy’s fixed costs decreased.
c.
Other Cambodians would open donut shops.
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