Home ยป Who argued that pure profit can arise only in a dynamic economy? Demand and Supply MCQs Who argued that pure profit can arise only in a dynamic economy? September 27, 2022 3 Views Q. Who argued that pure profit can arise only in a dynamic economy? F.H. Knight J.B. ClarkBohm Bawerk Alfred Marshall Answer: J.B. Clark
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to