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When she first started taking drugs,an addict found that they markedly affected her perceptions.Now,however,she finds that greater dosages are required to achieve the same effects.Which term best reflects this experience?
Normal Profit
The level of profit necessary for a company to remain competitive in the market, essentially breaking even when accounting for both explicit and implicit costs.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use, rather than selling those resources externally.
Economic Profits
The surplus remaining after deducting all costs, including opportunity costs, from total revenues, indicating the financial performance exceeding the break-even point.
Implicit Costs
The opportunity costs that arise from using resources owned by the firm for its own production instead of earning revenue from these resources elsewhere.
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