MCQOPTIONS
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| 1. |
A normal rate of profit ? |
| A. | Is the rate of return on investments over the interest rate on risk-free government bonds. |
| B. | is the rate that is just sufficient to keep owners or investors satisfied. |
| C. | is the difference between total revenue and total costs |
| D. | is zero in a perfectly competitive industry. |
| Answer» C. is the difference between total revenue and total costs | |