Flashcard sets with a 'normal profit' term meaning 'the minimum accounting profit necessary to keep the firm operating in it current undertaking (is an implicit cost and is included as a cost when calculating profit)'

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1-1 of 1Flashcard sets with a 'normal profit' term meaning 'the minimum accounting profit necessary to keep the firm operating in it current undertaking (is an implicit cost and is included as a cost when calculating profit)'
# Title Terms Date
1Micro 2by mkmoller15 termsNovember 4, 2009
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