Question: Normal profit is a term for: Select one: a . explicit profit. b . the minimum profit to keep a firm in operation. c .
Normal profit is a term for:
Select one:
a explicit profit.
b the minimum profit to keep a firm in operation.
c the accounting profit forgone.
d pure economic profit.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
