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Which is a criticism of the physical capital concept

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Reference no: EM132929727

Problem 1: Which of these is a criticism of the physical capital concept?

Select one:

a. It is not meaningful if the firm does not continue to replace identical units

b. When costs are decreasing a profit may still be recorded when a company sells a product for less than purchase price

c. When a company buys and sells in the same market it will record zero profit

d. All of the above

Reference no: EM132929727

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