Normal profits are regarded as a cost (and are included in the cost curves). Explain why.

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Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

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Question Posted: Mar 22, 2024 01:33 PM

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Normal profits are regarded as a cost (and are included in the cost curves). Explain why.

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Normal profit is the opportunity cost of capital for owne...View the full answer

Essential Economics For Business

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