Flashcard sets with a 'normal profit' term meaning 'the payment made by a firm to obtain and retain entrepreneurial ability; the minimum income entrepreneurial ability must receive to induce it to perform entrepreneurial functions for the firm.'

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1-1 of 1Flashcard sets with a 'normal profit' term meaning 'the payment made by a firm to obtain and retain entrepreneurial ability; the minimum income entrepreneurial ability must receive to induce it to perform entrepreneurial functions for the firm.'
# Title Terms Date
1AP Econ Unit 3, Ch 22: Costs of Productionby cassondralovesjanessa25 termsSeptember 24, 2009
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