jelaida24
jelaida24 jelaida24
  • 23-12-2020
  • Business
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What are the sources of economic profits for a company or an industry?

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Nais102804
Nais102804 Nais102804
  • 23-12-2020

This can be seen by noting three reasons for economic profit: (1) market control, (2) risk, and (3) innovation. Market Control: One of the most common reasons for economic profit is market control by a firm. A firm has market control if it can exert some degree of influence, or control, over the market price.

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