CFA Practice Question

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CFA Practice Question

In the economic theory of the firm, profit normally refers to ______.

A. accounting profit
B. normal profit
C. economic profit
Correct Answer: C

User Contributed Comments 1

User Comment
Antoinepo SInce normal profit occurs when economic profit is at 0, a profit ( higher then 0) means an economic profit. Remember : a NORMAL PROFIT = OPPORTUNITY COST (requiered roe)
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