Examlex
The equity method is used to account for stock investments in which the investor company owns between 20% and 50% of another company's stock.
Industry Supply
The total amount of goods or services that producers in a specific industry are willing and able to sell at a given price level.
Long-Run Industry Supply
The relation between the price of a good and the total output produced by an industry once all adjustments have been made.
Economic Profit
The difference between total revenues and total costs, including both explicit and implicit costs.
Economic Profits
Profits that exceed the costs of all inputs, including both explicit costs (like wages and materials) and implicit costs (like the opportunity cost of capital).
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