Student Loans,car Loans,and Housing Loans Are Good Examples of

question 36

Multiple Choice

Student loans,car loans,and housing loans are good examples of

• A) long-term liabilities.
• B) current liabilities.
• C) short-term debts.
• D) personal obligations.

---

Definitions:

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.

Cartel

An agreement among competing firms to control prices or production in a market, often to maximize profits by minimizing competition.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of what strategies other players choose.

Economic Profit

Economic Profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, serving as a measure of a firm's financial performance beyond basic accounting profit.