Terri buys a house for $200,000 and expects to sell it in three years for $300,000. Her expected percentage rate of return over that three-year period is:

Game theory is a tool for studying competitive behavior between firms in monopolistic competition because of the mutual interdependence among the firms

Indicate whether the statement is true or false

An implicit cost is

A) a nonmonetary opportunity cost. B) a cost that involves spending money. C) a cost unique to sole proprietorships. D) a cost unique to corporations.