The excess profit made by a firm in a competitive market situation in the short-term...

Economics

NECO 2004

The excess profit made by a firm in a competitive market situation in the short-term is known as

A. break even
B. marginal profit
C. net profit
D. normal profit
E. super normal profit

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Correct Answer: Option E

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The excess profit made by a firm in a competitive market situation in the short-term...

Correct Answer: Option E

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