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Match the following List-I List-II a Excess of profit total revenue...

This question belongs to Commerce Economics
Economics
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Match the following.
List-I List-II
a. Excess of profit total revenue over total explicit cost 1. Normal Profit
b. Total profit revenue equals total economic cost 2. Economic Profit
c. Excess of total revenue over total of explicit and implicit costs and a normal rate of return 3. Accounting Profit

Answer & Solution
Correct Answer: Option A
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