Commerce Short Question | Gkseries

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Question

Which one of the following statements is true ?

A Pure profit is the return in excess of the opportunity cost
B Accounting profit is the excess of total revenue over and above the explicit and implicit costs
C Profit maximization is the sole objective of the modern firms
D Profit is maximum when the difference between marginal revenue and marginal cost is maximum

Answer & Explanation

Answer:Pure profit is the return in excess of the opportunity cost

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