The average return for supplying entrepreneurial ability is the entrepreneur's
A) explicit profit.
B) economic profit.
C) accounting profit.
D) normal profit.

Name: The average return for supplying entrepreneurial ability is the entrepreneur's A) explicit profit. B) economic profit. C) accounting profit. D) normal profit.
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Question

Quizplus · Accepted Answer

Normal profit is the minimum amount necessary to keep an entrepreneur in business, representing the average return for supplying entrepreneurial ability.

The Average Return for Supplying Entrepreneurial Ability Is the Entrepreneur's