Examlex
A government may have multiple funds for each of the following fund types except:
Market Price
The current price at which an asset or service can be bought or sold in a competitive marketplace.
Total Cost
The total cost is the sum of fixed and variable costs incurred in the production of goods or services.
Economic Profit
The difference between total revenue and the total costs of inputs, including both explicit and implicit costs.
Normal Profit
The minimum profit necessary for a company to remain competitive in the market, essentially covering its opportunity costs.
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