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Economics question for a test pls help Explain what profits, losses and resources have to do with each other. How do profits and losses act as signals to business firms? ​
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Economics question for a test pls help

Explain what profits, losses and resources have to do with each other. How do profits and losses act as signals to business firms? ​

User Adam Goucher
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signals to firms standing on the sidelines. resources flow away from losses. Profit is like a big magnet: it pulls resources toward it. Loass is like a big wind: it pushes resources away.
User Noiseymur
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