Business, 13.11.2019 04:31, smartperraorwhateva
Victor is the recipient of $1 million from a lawsuit. victor decides to use the money to purchase a small business in florida. his business operates in a perfectly competitive industry. if victor would have invested the $1 million in a risk-free bond fund, he could have earned $100,000 each year. after he bought the small business, victor quit his job as a market analyst with research, inc., where he used to earn $75,000 per year. at the end of the first year of operating his new business, victor’s accountant reported an accounting profit of $150,000. what was victor’s economic profit?
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Victor is the recipient of $1 million from a lawsuit. victor decides to use the money to purchase a...
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