Pure or economic profit, Pure or economic profit is:

Pure or economic profit

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Reference no: EM13772337

Pure or economic profit is:

A. the amounts by which accounting profits exceed normal profits.

B. determined by subtracting explicit costs from total revenue.

C. the return required to retain entrepreneurial talent in some particular line of production.

D. the return to any resource the supply of which is perfectly inelastic.

Reference no: EM13772337

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