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Card 6
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What is the principal agent problem
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Card 7
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What is the three possible conditions for sales revenue maximisation
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What is the conditions for normal profit
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Card 9
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How can you tell if a firm is making abnormal profit
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Card 10
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How can you tell if a firm is making a loss
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How can you tell if a firm is making normal profit
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Card 12
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Define satisfying behavior
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Card 13
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What is utility maximisation
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Card 14
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What is x-efficiency
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Card 15
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What makes up economic efficiency
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