With free entry
A) economic profits are possible over the long run.
B) economic profits are possible but only over limited amounts of time.
C) economic profits are not possible.
D) the cost of capital will not be covered.
Correct Answer:
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Q11: The abnormal net income model defines the
Q12: If the return on capital is less
Q13: Economic profit equals
A)accounting profit plus the cost
Q14: Exit from a market will stop when
A)accounting
Q15: If the return on capital is equal
Q17: The financial statement that shows how revenue
Q18: Economic profit equals
A)net operating profit after taxes
Q19: The objective of creating value is the
Q20: Normal profit
A)is when economic profits are zero.
B)is
Q21: The speed at which abnormal net income
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