Crowdly
Add to Chrome
If a firm has total revenues of $100 million, explicit costs of $90 million, and...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
If a firm has total revenues of $100 million, explicit costs of $90 million, and implicit costs of $20 million, its pure economic profit is
0%
0%
0%
100%