The abnormal net income model
A) assumes that economic profits cannot be earned in the short run.
B) assumes that economic profits cannot be earned in the long run.
C) employs economic profit in its valuation of a firm.
D) none of these choices.
C
Economics
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For barter to occur there must be
A) two people willing to pay with credit. B) a double coincidence of wants for each good to be exchanged. C) one person who pays cash. D) hyperinflation.
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When network effects are important, then an industry can experience
A) positive market feedback. B) prince-leadership. C) a zero-sum game. D) a vertical merger.
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