The return that the entrepreneur can obtain in the best alternative business is called the
A) normal profit.
B) economic profit.
C) marginal profit.
D) marginal revenue.
Correct Answer:
Verified
Q51: In a perfectly competitive market, which of
Q52: The goal of a perfectly competitive firm
Q53: Q54: The economic profit of a perfectly competitive Q55: In perfect competition, the price of the Q57: The difference between a firm's total revenue Q58: Total economic profit is Q59: In perfect competition, a firm that maximizes
A) total revenue minus
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