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Important information about Managerial decisions in Competitive Markets

The MidNight Hour, a local night club, earned $100,000 in accounting profit last year. This year the owner, who had invested $1 million in the club, decided to close the club. What can you say about economic profit ( and the rate of return) in the nightclub business?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M924562

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