Economic profits and lossesa. equalize the distribution of income in the long run. b. are essential to the reallocation of resources from less desired to more desired goods. c. have no influence on the composition of domestic output. d. are both considered by economists to be a part of production costs.
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Home » Business » Economic profits and lossesa. equalize the distribution of income in the long run. b. are essential to the reallocation of resources from less desired to more desired goods. c. have no influence on the composition of domestic output. d.