A Normal Profit May Be Defined as

question 105

Multiple Choice

A normal profit may be defined as

• A)the minimum amount of profit required to keep a business operating in the long run.
• B)an accounting profit equal to the sum of all opportunity costs.
• C)the maximum amount of profit that a business has ever made.
• D)economic profit that is equal to accounting profit.
• E)accounting profit equal to zero.

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Definitions:

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The use of signs or symbols to stand for objects, values, or concepts in art, literature, and other forms of expression.

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The action of using someone or something as a model and attempting to replicate or mimic their behavior, appearance, or performance.