The Firm and Market Structures sample question
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CFA Level I sample question
CFA Level I The Firm and Market Structures question
Economics
The Firm and Market Structures
A sole proprietor reports revenue of 1,200,000 and explicit costs of 980,000. The owner's best alternative employment pays 120,000, and the normal return on the owner's capital is 130,000. The firm's economic result is best described as:
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